/ Eicher Motors Accelerates On Positive Sales And Q3 Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 1 February 2017

Eicher Motors has posted its sales report for the month of January 2017, wherein the sale of company’s models with engine capacity up to 350cc came in at 55216 units for January 2017 as against 44234 units in January 2016, registering 25% MoM growth.

Sales volume of models with engine capacity exceeding 350cc came in at 4460 units as compared to 3476 units sold during corresponding period of last year, registering a growth of 28%. Out of the total 59676 units sold, 1543 units were exported, posting 171% growth compared to same month last year.

The stock also announced its Q3FY17 results, wherein revenues and PAT posted a growth of 42.5% and 64.5%, respectively on a YoY basis. The stock of Eicher Motors continued with previous day’s recovery and zoomed 3.6% to Rs 23644 on the back of the news. The stock will likely adopt a positive growth trajectory, if it hits 23700 on a closing basis.

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