Share price of Eicher Motors Limited quickly move higher by over 1.4 percent intraday on Tuesday after the company on Monday announced strong results for the quarter ended Dec 2018.

The Auto company reported a 2.4% increase in consolidated net profit at Rs 533 crore for the 3 months ended Dec -31, 2018. In the corresponding period, a year before, it has recorded a profit of Rs520.50 crore.

The company’s consolidated sales for the Oct-Dec 2018 was higher by 3.42% to Rs 2,328.25 crore with reference to Rs 2,250.65 crore in the previous quarter, while the operational revenue at the Royal Enfield in the quarter under review mounted over 3 percent to Rs 2,341 crore from the previous year.

Reacting the positive results, Eicher Motor’s share price is currently (at 11.15 am) trading at Rs21,047.80 up by Rs294.65 or 1.42 percent from its opening price Rs20,470.00 on the NSE. The stock touched a high of Rs. 21,211 during the day so far. The stock is expected to rise more in today’s trading session.