Eicher Motors is currently the top gainer in the NSE followed by Zee Entertainment. At 12.04 IST, the shares surged by 6.63 percent at 15959.40.
The Auto company leads the premium motorcycle sector and is known to manufacture the iconic Royal Enfield motorbike. In addition, the Nifty Auto in the sectoral indices was up by 2 percent at 6,041.5.
Furthermore, the firm has gathered 12 percent three days in a row. This is against a 4 percent rise in the S&P BSE Sensex and the S&P BSE Auto index, respectively. The stock stroke a 2-month high today. Therefore, trading at its peak level since March 20, 2020.
Earlier, the company declared a stock split plan to build the stock more reasonable for the small retail investors and increase liquidity.
The Indian Indices are trading higher on Thursday in line with the positive global signs. Further, the gains are currently led by stocks such as IndusInd Bank, ICICI Bank, and HDFC twins.
As per reports, it is said that 14 out of 26 firm’s expectations are missed in the fourth quarter of this fiscal. Moreover, the Indian rupee wiped out some early losses but is trading lower at 75.76 against the dollar in the domestic equity market.
Also, the Ujjivan Financial Services share price increased over 11 percent after the company reported net profit increased 48.41 percent to Rs 64.04 crore. However, the net profit was at Rs. 43.15 crore in the same quarter last fiscal.
Similarly, in the market, the Gold prices went a bit up after hitting a two-week low in the earlier session. Although, this occurred as the rift between Washington and Beijing over Hong Kong escalated.
