InvestorQ : Why have the shares of Eicher Motors rallied so sharply in the last few days?
Lavanya Subramanian made post

Why have the shares of Eicher Motors rallied so sharply in the last few days?

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ishika Banerjee answered.
5 months ago
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Once a darling of the stock markets; Eicher Motors has gradually waned in the last couple of year as auto demand slowed down. Recently, the stock has gained ground after it announced stock split plan to make the stock more affordable for the small retail investors. While stock splits do not make a big difference to the value of the stock, it makes the stock more popularly affordable leading to an increase in demand. Eicher rallied 12% in the last 3 days and has hit a 2-month high. Meanwhile, Royal Enfield reported 17% lower volumes at 163,000 units in Jan-Mar quarter due to weak demand and the lockdown.

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