Eicher Motors share price settles at ₹7,338.50; September 24 price update

Key Takeaways

• Eicher Motors finished at ₹7,338.50, down ₹131.50 or 1.76%, and closed only ₹5.50 above the session low of ₹7,333. 
• The price was below its 50-day and 100-day DMAs but remained ₹23.90 above the 200-day DMA of ₹7,314.60. 
• Six-month and one-year returns remained positive at 9.83% and 4.98%, against negative one-month and three-month readings. 

Eicher Motors share price closed September 24 at ₹7,338.50, down ₹131.50 or 1.76% from the previous close of ₹7,470. It opened at ₹7,437, reached a high of ₹7,460 and a low of ₹7,333. The day’s range was ₹127, and only ₹5.50 separated the final price from the lower boundary. 

Session volume reached 277,601 shares. Market capitalisation stood at ₹201,454 crore. The stock finished ₹98.50 below the displayed opening level and ₹121.50 below the intraday high. Its closing position was therefore much closer to the low than the high. 

The moving-average picture changed with the time period. Eicher Motors closed below the 50-day DMA of ₹7,691.10 by ₹352.60 and below the 100-day DMA of ₹7,582.40 by ₹243.90. The 200-day DMA was ₹7,314.60, leaving the closing price ₹23.90 above it. This made the 200-day measure the nearest of the three. 

The 52-week range extended from ₹6,442 to ₹8,230. At ₹7,338.50, the stock was ₹896.50 above the annual low and ₹891.50 below the high. The two distances were almost equal, differing by only ₹5. The complete 52-week span covered ₹1,788. 

Return figures were -8.38% for one month and -3.16% for three months. Six months remained positive at 9.83%, while the one-year return was 4.98%. The gap between the six-month and one-year readings was 4.85 percentage points, while the spread from the weakest to strongest period was 18.21 points. 

The annual high and low were almost equidistant from the September 24 close. That contrasts with the daily range, where the finish was just ₹5.50 above the low and ₹121.50 below the high. The nearest moving-average reference was also quite close: ₹23.90 separated the closing price from the 200-day DMA.