India's Eicher Motors was on course for its best day since mid-2020, after the Royal Enfield motorcycle maker posted a quarterly profit beat, which analysts said indicated that the "toughest phase" of competition was over.

Shares of India's Eicher Motors jumped 7% on Thursday, set for their best day in a year, after analysts said its second-quarter results indicated that the toughest phase of competition for the 'Royal Enfield' motorcycle manufacturer was now behind it.

Analysts say Enfield's renewed ‘focus over margins’ with intervention like relaunch of Battalion Black edition, higher marketing aided strong festive sales

Eicher's stock rose more than 8.3 per cent and was the top gainer on the Nifty auto index, which was up about 1 per cent

(Reuters) -Shares of India's Eicher Motors jumped 7% on Thursday, set for their best day in a year, after the motorcycle maker's better-than-expected quarterly profit indicated, according to analysts,