Eicher Motors trades in green on BSE

Eicher Motors is currently trading at Rs 6156.50, up by 102.45 points or 1.69% from its previous closing of Rs. 6054.05 on the BSE. The scrip opened at Rs 6120.00 and has touched a high and low of Rs 6156.50 and Rs. 6075.00 respectively. So far 354 shares were traded on the counter. The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 6373.00 on 10-Apr-2014 and a 52 week low of Rs 2811.10 on 23-Apr-2013. Last one week high and low of the scrip stood at Rs 6120.00 and Rs 5756.20 respectively. The current market cap of the company is Rs. 16533.18 crore. The promoters holding in the company stood at 55.08% while Institutions and Non-Institutions held 24.91% and 20.00% respectively. Credit rating agency, ICRA has re-affirmed ‘AA/A1+’ ratings to Eicher Motors’ bank facilities worth Rs 24 crore. The outlook on long-term rating is Stable. The ratings re-affirmation takes into account the strong market position of the company in the niche segment of leisure bikes which has helped the company record a robust volume growth over the past two years. The rating also factors in the strong growth expected in 2014 in light of the new product launches as well as waiting period for company's products providing revenue visibility. Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.