Shares in Eicher Motirs jumped as much as 9 per cent, as the stock split and was trading at a face value of Re 1. The shares were up 9 per cent at Rs 2355 on the NSE. It was among the top gainers from the Nifty in trade.
Given that the stock face value was split and thereby the price fell, the volumes in the stock continued to show a sharp rise. In fact, the volumes were 4 times that of the normal average.
Eicher Motors is the parent of Royal Enfield, the global leader in middleweight motorcycles. The world's oldest motorcycle brand in continuous production, Royal Enfield has a dominant position in its segment of the market.