Eicher Motors share price jumps on 53 percent growth in total sales

The Markets Today in a nutshell

• Domestic benchmark indices ended with deep cuts on Thursday amid weak global cues. 
• Investors continue to be spooked by fears of aggressive rate hikes by the global central banks. The Indian GDP numbers, which were lower than the consensus estimates, played on the minds of the investors who kept away from the equity market.

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News you could use

?Eicher Motors share price jumps on 53 percent growth in total sales
The share price rose 1.5 percent on after the company’s total sales jumped 53 percent to 70,112 units in August 2022 against 45,860 units in August 2021. Its International Business saw a growth of 6 percent at 7,220 units against 6,790 units.

? Alembic Pharma declines on USFDA observations
The share price touched a 52-week after the United States Food and Drug Administration (USFDA) issued a Form 483 with 2 observations. The authority has conducted an inspection at the company’s Injectable Facility (F-3) located at Karkhadi from August 18 2022 to August 30, 2022

?Coal India reports strong monthly output
The company’s share price declined 2 percent after hitting a 52-week high during the day as its August month production was up 8.5% at 46.2 mt versus 42.6 mt and August Offtake was up 5.1% at 51.1 mt versus 48.6 mt, YoY.

News from the IPO world?

• Fewer IPOs in 2022
• Sterlite Power IPO expected by year end
• OYO IPO is expected to launch sometime soon

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