Know why Eicher's stocks are soaring

Eicher Motors Ltd., India's top maker of heavy bikes, soared to a new high after the company said its motorcycle sales jumped 48 percent to 37,341 units in June from 25,303 units a year ago.

Earlier global brokerage CLSA said in a note to investors that Eicher's sales were likely to gain more traction as the company had eased supply bottlenecks and added more capacity. It's Royal Enfield bike has shown huge sales momentum in the past several years even as the company's waiting list for the bikes trimmed.

Eicher rose 3.1 percent to '20,193 per share with more than 73,000 shares traded on the NSE

(Image: Indiatimes)