Eicher Motors stock hits new high on Royal Enfield sales

The Eicher Motors stock on Monday hit a new high on a unit of the company posting 43 per cent rise in January sales.

Royal Enfield, Eicher Motors' motorcycle division reported total sales in January at 28,927 units as against 20,232 units in the corresponding month a year ago.

During January 2015, the number of Royal Enfield motorcycle units exported jumped by 82 per cent to 770 units as against 424 units in the year-ago month.

The stock rose to a new high of Rs 16,850 level at 9:24 am on the BSE. It closed with 1.75 per cent gain at Rs 16,589 on the BSE.