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Eicher Motors motorcycle sales rises 43% YoY

Read more about Eicher Motors motorcycle sales rises 43% YoY on Business Standard. Total Royal Enfield motorcycle sales jumped 43% to to 27,294 units in May 2021 as against 19,113 units sold in May 2020. ....

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Sensex slips 85 pts, Nifty ends flat; PSU banks rally

Read more about Sensex slips 85 pts, Nifty ends flat; PSU banks rally on Business Standard. The key equity indices ended with minor cuts on Wednesday. After recording heavy losses in the afternoon trade, the benchmarks sharply pared losses in late trade. PSU banks and metal shares rallied while IT and FMCG shares declined. ....

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Market rises for 2nd day; broader market outperforms

Key equity indices advanced for the second session and closed near the day s high with strong gains on Tuesday. The Nifty managed to close above the crucial 14,900 mark. Barring the Nifty PSU Bank index, all other sectoral indices on the NSE ended in the green.
Positive development surrounding global COVID-19 vaccination programmes and stabilizing US Treasury yields boosted sentiment. Buying was also triggered as India s GST collection for the month of February stood above the Rs 1 lakh crore mark for the fifth straight month, cementing the signs of economic recovery.
As per the provisional, the barometer index, the S&P BSE Sensex, rose 447.05 points or 0.9% at 50,296.19. The Nifty 50 index surged 157.55 points or 1.07% at 14,919.10. ....

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Eicher Motors motorcycles sales rise 10% YoY in Feb

Total Royal Enfield sales increased 10% to 69,659 units in February 2021 from 63,536 units in February 2020.
Sequentially, the company s total motorcycles sales improved 1% last month from 68,887 units sold in January 2021.
While the sales of models with engine capacity upto 350cc jumped 12% to 64,362 units, the sales of models with engine capacity exceeding 350cc declined 15% to 5,297 units in February 2021 over February 2020.
Royal Enfield motorcycle exports surged 94% to 4,545 units in February 2021 from 2,348 units in February 2020.
Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden s AB Volvo - Volvo Eicher Commercial Vehicles (VECV) which operates in India s commercial vehicle space. ....

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Sensex, Nifty sharply pare gains

Read more about Sensex, Nifty sharply pare gains on Business Standard. The equity benchmarks sharply pared gains in mid-morning trade. The Nifty hovered around the 14,800 mark. IT, FMCG and auto stocks advanced while banks and financial shares corrected. ....

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