The Relative Strength Index of the stock stood at 57.29 on Monday.

On the technical charts, the RSI of the stock stood at 69.16.

As of 30-Sep-2021, promoters held 0.0 per cent stake in the company, while FIIs held 19.14 per cent and domestic institutional investors had 2.65 per cent.

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 77090.51 Crore) operating in Auto sector.

The IPO will be an offer for sale (OFS) by the promoters of the company. AGS Transact will be the first main board IPO for the year 2022.

A total of 247 shares changed hands on the counter till 11:57AM (IST)

“We are not going to be a runaway market. We are going to see churns; we are going to see growth some day and value some day. All in all, I am positive on the market, positive on the year going ahead and positive on the opportunities it is going to throw at us.”

The stock quoted a 52-week high price of Rs 3013.0 and low of Rs 1303.6.

“For the metal pack specifically, liquidity in the system will be very important and as the liquidity dries or reduces, expecting that metals will continue to rally would be a fallacious assumption. People should actually be selling metals on rallies rather than trying to buy on dips.”

The Relative Strength Index of the stock stood at 35.14 on Monday.