Latest Stock Market News

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 77090.51 Crore) operating in Auto sector.

The IPO will be an offer for sale (OFS) by the promoters of the company. AGS Transact will be the first main board IPO for the year 2022.

A total of 247 shares changed hands on the counter till 11:57AM (IST)

“We are not going to be a runaway market. We are going to see churns; we are going to see growth some day and value some day. All in all, I am positive on the market, positive on the year going ahead and positive on the opportunities it is going to throw at us.”

The stock quoted a 52-week high price of Rs 3013.0 and low of Rs 1303.6.

“For the metal pack specifically, liquidity in the system will be very important and as the liquidity dries or reduces, expecting that metals will continue to rally would be a fallacious assumption. People should actually be selling metals on rallies rather than trying to buy on dips.”

The Relative Strength Index of the stock stood at 35.14 on Monday.

The company said its revenue from operations increased 15.7 per cent year-on-year (YoY) to Rs 22,331 crore from Rs 19,302 crore in the same quarter a year ago. Sequentially, revenue rose 8.1 per cent and net profits grew 5.4 per cent.

This is the third such price hike by Maruti Suzuki in FY22. Prices of select models went up by 1.6% in April and 1.9% in September. Separately, in July, the company took a price hike on its popular model Swift and the CNG-equipped variants of all models by up to Rs 15,000.

The footwear retail chain reported a 54.63 per cent year-on-year (YoY) jump in consolidated net profit to Rs 100.85 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 65.22 crore during the October-December quarter of the previous fiscal.