Eicher Motors share price trades near its all-time high post Q2 results; what should investors do?
Eicher Motors share price rose 2.8% on Monday's trading session following the company's Q2 results, which were on par with or better than the Street's estimates. Eicher Motors shares were 6.24% away from its all-time high level of ₹3,889 recorded last November.
On Friday, the Royal Enfield motorcycle manufacturer posted a 54.7% increase in net profit for the quarter that ended September, totaling ₹1,016 crore. Owing to the growing demand for premium motorcycles, the company's second-quarter earnings rose more than expected, mostly due to good sales.
Eicher Motors share price today opened at intraday low level of ₹3,586.05 apiece on BSE. Also Read: Jubilant Pharmova stock gains 6.45% in an overall weak market; here's why According to technical analysts, Eicher Motors stock price's trend is positive, and the stock can rally upto ₹3,700/3,850.
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