Eicher Motors share price ends nearly flat at ₹7,213 on November 2

Key Takeaways

• Eicher Motors finished at ₹7,213, down only 0.10%, despite a ₹159 intraday range between ₹7,131 and ₹7,290.
• The close remained below the 50-day DMA of ₹7,349.10 and the 200-day DMA of ₹7,277 despite recovering ₹82 from the low.
• One-month, six-month and one-year returns were positive, while the three-month return remained negative at -7.92%.

Eicher Motors share price settled at ₹7,213 on November 2, down 0.10% from the previous close of ₹7,220. The share also opened at ₹7,220, then moved up to ₹7,290 and down to ₹7,131 during the session. It recovered from the low to finish ₹82 above it, although the final price remained ₹77 below the high. Volume stood at 385,321 shares.

The ₹159 intraday range was large relative to the final ₹7 decline. That difference made November 2 a near-flat closing session despite considerably wider movement between the day's extremes.

The moving-average comparison showed the stock below all three reference levels. The 50-day DMA was ₹7,349.10, which sat ₹136.10 above the close. The 100-day DMA stood at ₹7,410.70, leaving a ₹197.70 difference. The 200-day DMA was closer at ₹7,277, only ₹64 above the closing price.

Across 52 weeks, Eicher Motors had traded between ₹6,442 and ₹8,230. The November 2 close was ₹771 above the annual low and ₹1,017 below the high. That left the stock somewhat closer to the bottom of its yearly range than the top.

Recent performance figures did not move in one direction. The one-month return was 4.23%, followed by a three-month return of -7.92%. Over six months, the share showed a positive 1.46%, while the one-year return stood at 2.94%. The shorter one-month recovery therefore coexisted with a weaker three-month figure.

The most distinctive feature of November 2 was the difference between intraday movement and the final closing change. Eicher Motors moved ₹159 between high and low but finished only 0.10% below the previous session, with the close sitting ₹64 below its 200-day DMA.