Eicher Motors which manufacturers the Royal Enfield range of motorcycles recently overtook Hero MotoCorp in market cap.
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The market cap of Eicher Motors touched an all-time high of Rs 50,709 crore on Friday, while Heros trailed at Rs 50,355 crore. On the first day of 2015, Hero commanded a market cap of Rs 62,053 crore, 33 per cent higher than Eicher. Bajaj Auto remains the most-valued two-wheeler company at Rs 63,021 crore. TVS Motor retains the fourth spot at Rs 10,518 crore.
A result of the sharp run in Eichers stock is that the worth of the Lals (promoters), with a share of 54.98 per cent, stands at Rs 27,880 crore, while the Munjals worth, with a 34.64 per cent stake, is Rs 17,443 crore.
Source: Eicher overtakes Hero on m-cap roadtrip | Business Standard News
The market cap of Eicher Motors touched an all-time high of Rs 50,709 crore on Friday, while Heros trailed at Rs 50,355 crore. On the first day of 2015, Hero commanded a market cap of Rs 62,053 crore, 33 per cent higher than Eicher. Bajaj Auto remains the most-valued two-wheeler company at Rs 63,021 crore. TVS Motor retains the fourth spot at Rs 10,518 crore.
A result of the sharp run in Eichers stock is that the worth of the Lals (promoters), with a share of 54.98 per cent, stands at Rs 27,880 crore, while the Munjals worth, with a 34.64 per cent stake, is Rs 17,443 crore.
Source: Eicher overtakes Hero on m-cap roadtrip | Business Standard News