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Eicher Motors Share Price

NSE Symbol: EICHERMOT | BSE Code: 505200

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Information About Eicher Motors Share Price:

Eicher Motors was incorporated in the year 1948. It is the parent company of Royal Enfield motorcycles which is one of the premier company offering bikes. Royal Enfield has a presence in more than 40 countries across the globe, including India. There are two modern development centers of Royal Enfield – one is located in Chennai (India), and the other one in Leicestershire (UK).

Volvo Group has a joint venture with the Eicher Motors known as the VECV or Volvo Eicher Commercial Vehicles. There are five business units of VECV, and they are mentioned below:

  1. VE Powertrain
  2. Eicher Engineering Components
  3. Volvo Trucks India
  4. Eicher Trucks and Buses
  5. Royal Enfield Motorcycles

History of Eicher Motors:

The origin years of the company dates back to the period when the Goodearth Company was established for distribution of the imported tractors. The Eicher Tractor Corporation of India Pvt. Ltd. was found in the year 1959. Tractors and Farm Equipment Limited (TAFE) of Chennai bought the engines and tractors business from Eicher Motors Limited. TAFE holds the license of Massey Ferguson tractors in India. The Eicher Group has diverse business interest in the design, and manufacture of buses,development, trucks, automotive gears, motorcycles, etc. The Eicher Motors collaborated with Mitsubishi for manufacturing LCVs or Light Commercial Vehicles in the year 1982. The agreement was signed in Tokyo. Eicher Mitsubishi is the brand name under which the Light Commercial Vehicles(LCV) were sold. In the year 1990, 26% of the stake was purchased by Eicher Goodearth, in the Enfield India Limited. By 1993, a majority stake of around 60% equity shareholding was acquired by Eicher. In 2008, a 50:50 joint venture began between Volvo Group and Eicher Motors. The investment is named as Volvo Eicher Commercial Vehicles or VECV. This company produce, design and also market the engineering components and commercial vehicles, etc. Currently, 45.6% of the Volvo Eicher joint venture is owned by the Volvo Group.

Management of Eicher Motors:

Siddhartha Lal:

Siddhartha Lal is the CEO and MD of Royal Enfield. He is also the CEO and the MD of Eicher Motors Limited which is the flagship organization. Mr. Lal has been the Chairman of VECV, the joint venture between Eicher Motors and Volvo Group, since 2012. From July 2012, Mr. Lal has also taken the role of Chairman for Eicher Polaris Private Limited, the 0:50 joint venture between Polaris Industries Inc. and Eicher Motors. Mr. Lal has been nominated for being a part of the Global Agenda Council of WEF (World Economic Forum) on the Personal Transportation Systems. He completed his mechanical engineering course from Cranfield University and also holds a Master's Degree from the University of Leeds in Automotive Engineering.

Lalit Malik:

Lalit Malik is the CFO (Chief Financial Officer) and the Head of Business Development at Eicher Motors Limited. Before joining this organization, Mr. Malik worked with Max India as the VP (Vice President) of the Corporate Development department. His primary responsibility there included management of the Max India finances in the insurance sector. Mr. Malik also worked with AIG as the Business Strategy Head. Between April 2004 and August 2006, Mr. Malik worked with GE Money where he took the role of the Financial Controller. Mr.Malik holds a Post Graduate Diploma from IIM, Bangalore in Management. He did his Chartered Accountant course from ICAI (Institute of Chartered Accountants of India).

Rudratej Singh:

Rudratej Singh holds the post of the President with Royal Enfield. He got on-board with the organization in January 2015. He has work experience of more than 18 years in leading the Brand and Marketing department for various famous organizations across the globe. Mr. Singh is responsible for building leadership for the company and heading the commercial business as the President of Royal Enfield. Before working with Royal Enfield, Mr. Singh had worked as the Vice President for the Unilever (HPC and Foods) Operations of Marketing in South Asia. During his career, he has won several accolades. He is also a part of Asia CMO board and speaks on a regular basis at different marketing forums. He is a genius in mentoring and leading different teams across different countries and cultures.

B Govindarajan:

From January 2013, B Govindarajan holds the designation of COO (Chief Operating Officer) with Royal Enfield. He had been the SVP of Royal Enfield before that. In 2011, he joined the organization. During the tenure of his Senior Vice Presidency at Royal Enfield, he indulged himself actively in increasing the production of motorcycles at the facility in Thiruvottiyur. Under his leadership, the production capacity grew to more than a lakh units every year.

Sudhakar Bhagavatula:

Sudhakar Bhagavatula holds the designation of CIO or Chief Information Officer with Royal Enfield. He joined the organization in 2014, and he comes with an experience of 23 years. Mr. Bhagavatula, at Royal Enfield, is responsible for driving the IT strategy of the organization. He has also been responsible for enabling the business process and enhancing the IT infrastructure. Before working with Royal Enfield, Mr. Bhagavatula was associated with GE Lighting as their CIO, ASPAC.

Rajeev Sharma:

Rajeev Sharman is designated as the CHRO or Chief Human Resource Officer with Royal Enfield. He has work experience of over 20 years in the human resource department and has worked with several prominent brands like GE Capital, Coca-Cola India, Hindustan Unilever Limited, etc. Mr. Sharma joined Royal Enfield and led the HR operations for Oceania and Southeast Asia. He holds a PG degree from XLRI, Jamshedpur in HR.

The Stock Trends of Eicher in 2018:

The starting price for stocks of Eicher Motors was at Rs.30,472 (BSE) and Rs.30,300.95 (NSE). The Close Price stood at Rs.29,901.30 and Rs.29,839.15 for BSE and NSE, respectively. By the end of the month, prices dropped substantially. The Open Price stood at Rs.26,700 (BSE) and Rs.26,827.30 (NSE)

At the beginning of February, the Open Price started at more than Rs.26,000 for both Bombay Stock Exchange and National Stock Exchange. The Close Price started at Rs.27,995.35 and Rs.28,047.35 at BSE and NSE, respectively. By February end, the Open Price of Eicher Motors stock stood at Rs.26,860.10 and Rs.27,030 at BSE and NSE, respectively. The Close Price was Rs.27,421.45 (BSE) and Rs.27,437.75 (NSE).

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Eicher Motors Listing and Indexes:

Eicher Motors Limited forms some part of several indices as mentioned below:

  1. Nifty 100
  2. Nifty 200
  3. Nifty 50
  4. Nifty 500
  5. Nifty Auto
  6. S&P BSE 200
  7. S&P BSE 500

Eicher Motors Limited is listed on different Stock Exchange markets. Some of them are mentioned below:

  1. National Stock Exchange of India Limited (NSE)
  2. The Bombay Stock Exchange, Mumbai (BSE)
  3. Calcutta Stock Exchange Association Limited
  4. Delhi Stock Exchange Association Limited

Listing Code:

  1. BSE – 505200
  2. NSE – EICHERMOT
  3. ISIN - INE066A01013
  4. Sector - AUTO-LCVS & HCVS

Should You Invest in Eicher stocks?

Eicher Motors is one of the leading commercial vehicle manufacturers in this country. Since the year 1965, has been entirely owned by the shareholders of India. The 30% of the company shares were sold to Massey-Ferguson, and thus, partly owned The German Eicher tractor. In the year 1973, Massey-Ferguson purchases the German organization.

There are many benefits of Eicher Motors Stocks. The debt is very low, and it has reflected an incredible growth in the last five years. Along with the profit, the dividend has also seen an upward curve. Excellent return on equity can be expected. The PE ratio is pretty high which could be disadvantageous. The Eicher Motors stocks have a capacity of giving 12% returns in a time span as low as one or two months. Though the entry price of the stock is very high, and you may like to wait for the prices to dip slightly or else, you may also choose to invest in mutual funds that put your funds in Eicher Motors.

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.

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Indexes and Exchages

Bombay Stock Exchange (BSE)

The Bombay Stock Exchange, popularly called BSE, is Asia's first and oldest stock exchange. Located at Dalal Street in Mumbai, the BSE was formally established in 1875 by an influential stockbroker and businessman called Premchand Roychand. In the initial days, the BSE had its meetings under several Banyan trees in Mumbai before finding a permanent place, which is very appropriately named Dalal Street or Broker Street. After functioning as a floor trading exchange for more than a century, BSE ascended the digital ladder in 1995 by implementing a new screen-based automated trading platform with a capacity of 8 million orders in a day. In 2012, the BSE went global by becoming a Partner Exchange of the United Nations Sustainable Stock Exchange. Subsequently, BSE established India's first international exchange, called INX, in 2016.

National Stock Exchange (NSE)

NSE was set up in 1992 by a group of leading Indian financial institutions, following the Indian Government's directives. It aimed to bring transparency to the Indian capital market. It was India's first demutualized electronic exchange which operated on a completely automated screen-based electronic trading system, offering an easy trading facility to all Indian investors. NSE began its operations in the Wholesale Debt Market segment in 1994. NSE was the first company in India to offer a digital platform that connected the investor base of the entire country. NSE offers services in various segments, such as trading, equity derivatives, clearing and settlement services in equity, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is NSE's flagship index that tracks the behavior of a portfolio of blue-chip companies that have the largest and most liquid Indian securities. It is owned as well as managed by IISL (India Index Services and Products Ltd), which is India's first specialized company to focus on an index as a core product. Nifty indexes 50 of the 1600 companies on the National Stock Exchange (NSE) and is thus popularly referred to as 'Nifty 50'. It captures approximately 65% of its float-adjusted market capitalization and is a true reflection of the Indian stock market. The Nifty 50 includes the major sectors of the Indian economy. It offers the exposure to the Indian market in one efficient portfolio. The Nifty index has been trading since April 1996. It is ideally suited for index funds, benchmarking and index-based derivatives.

SENSEX Index

Sensex is BSE's stock market index. It consists of 30 well-established and financially flourishing companies listed on BSE. It was established in 1986. These 30 component companies are known for being the largest and most actively traded stocks. They represent various industrial sectors of the Indian economy. Sensex is also known as BSE 30 and S&P BSE SENSEX. The word 'Sensex' is a portmanteau of the words 'Sensitive' and 'Index.' SENSEX is widely reported in domestic and international markets through print and electronic media. The indexing system is scientifically designed, based on globally accepted construction and review methodology. Since September 2003, S&P BSE Sensex is being determined on a free-float market capitalization methodology.

Get your free Credit report that cost  Rs 1200 for FREE

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Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None