Shares of Eicher Motors Ltd, the maker of Royal Enfield motorcycles, jumped to a new 52-week high of ₹6,269.50 on Thursday, August 28. The stock is currently trading at ₹6,178, up 0.44% intraday, maintaining strength through the session.
The uptrend follows Jefferies’ bullish view on the auto sector, placing Eicher Motors among its preferred buys along with M&M, TVS Motor and Maruti Suzuki. The brokerage expects GST rate cuts ahead of the festive season, which could further boost volumes.
📌 Stock details:
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Day Range: ₹6,169 – ₹6,269.50
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Market Cap: ₹1.70 lakh crore
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P/E Ratio: 35.09
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Dividend Yield: 1.13%
Jefferies also noted that Eicher Motors’ market share has inched up to 5.2% this August, while competitors like Hero MotoCorp have lost ground.
