Trending stocks: Eicher Motors shares gain 1%

Trending stocks: Eicher Motors shares gain 1%
ETMarkets.com
Synopsis

A total of 137,773 shares changed hands on the counter till 10:56AM (IST).

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The stock of Eicher Motors Ltd. quoted a 52-week high of Rs 2389 and a 52-week low of Rs 1246.

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NEW DELHI: Shares of Eicher Motors Ltd. traded 0.97 per cent up in Tuesday's trade at 10:56AM (IST). Around 137,773 shares changed hands on the counter.

The counter opened at Rs 2224.8 and touched an intraday high and low of Rs 2249.0 and Rs 2186.7, respectively, in the session so far. The stock of Eicher Motors Ltd. quoted a 52-week high of Rs 2389 and a 52-week low of Rs 1246.

Total market cap of the Eicher Motors Ltd. stood at Rs 59875.44 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 809.16 crore for the quarter ended 30-Jun-2020, down 63.06 per cent from previous quarter's Rs 2190.32 crore and down 65.73 per cent from the year-ago quarter's Rs 2361.24 crore.

The net loss for latest quarter stood at Rs 55.18 crore.

Shareholding pattern
As of 30-Jun-2020, domestic institutional investors held 9.32 per cent stake in the firm, while foreign institutional investors held 26.95 per cent and the promoters 47.05 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 45.34 and a price-to-book ratio of 0.6. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Eicher Motors Ltd. belongs to the Auto - 2 & 3 Wheelers industry.
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