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Investors suffer Rs 11,300 cr loss as eicher motors continues
The Business Guardian
|July 07, 2023
The share price of Eicher Motors experienced a decline of over 2.2%, extending its losses for the third consecutive session
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As a result, the market capitalization of the company has decreased by Rs 11,300 crore during this period. Investors are concerned that Hero MotoCorp and Bajaj Auto may pose a threat to Eicher Motors’ competitive advantage. As of 12:30 pm, the stock was trading at Rs 3,236.70 on the NSE. The trading volumes of 2,338,422 shares were significantly higher than the 20-day average volumes of 784,861 shares.
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