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Shares of the company surged as much as 10 percent to Rs 602 after it saw a turnover growth of 22 percent for the month of November led by a strong performance in the tractor and the commercial vehicle segment.
While total wheel-rim sales grew 14 percent in the year-on-year period, a high base in the previous year led to the export segment seeing a degrowth of 24 percent this month.
Shares of Titan Company Ltd., PC Jewelers Ltd., and TBZ Ltd., gained between 3-13 percent after the government decided to scrap excise duty on branded gold coins.
Here are how the stocks are performing as of 12:25 p.m.:
Shares of Eicher Motors Ltd. rose as much as 3.8 percent after the automaker reported 41 percent increase in total sales and over three-fold jump in exports for the month of November. (More details HERE)
Movers & Shakers: HCC, Reliance Communications, Wipro And More
For a complete list of stocks to watch, click HERE
OPEC's oil output cut deal sends Asian markets higher. Dollar rises.
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