Share price of Eicher Motors fell below the Rs 20,000 mark on Monday as the shares closed over 1 per cent down at Rs 19,840. The shares hit a 52-week low of Rs 19751.10 during the session.
The stock continued to drag after it posted disappointing December sales data last week. Royal Enfield, the two-wheeler division of Eicher Motors had reported a 13 per cent decline in total sales to 58,278 units in December compared with 66,968 units in the same month last year.
The stock had hit a 52-week high of Rs 32,209.50 on April 27, 2018 while it had previously hit a 52-week low of Rs 20,030.15 on January 04, 2019.
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