INSUBCONTINENT EXCLUSIVE:
data for December.
At 9.35 am, scrip was trading at Rs 22,005.35 on BSE, down 5.08 per cent.
Royal Enfield, two-wheeler division of Eicher
Motors reported a 13 per cent decline in total sales to 58,278 units in December compared with 66,968 units in same month last
year.
Domestic sales stood at 56,026 units last month as compared with 65,367 units in December 2017, a dip of 14 per cent.Analysts tracking
stock said that low sales data for Royal Enfield was a big disappointment
They have cut Royal Enfield volume estimates for current and next financial year and have reduced EPS estimates by 3-6 per cent for FY18 and
5-9 per cent for next financial year.
