Sell Eicher Motors Ltd for the Target Rs. 5,772 by Motilal Oswal Financial Services Ltd
* RE has significantly outperformed the industry with 43% YoY volume growth in 2Q.
* On the back of strong volume growth, we expect margins to improve +160bp QoQ.
* VECV: It has underperformed CV industry and posted 5% YoY growth. We expect margin to improve 160bp YoY (-30bp QoQ) to 8.7%.
* Overall, we expect consol PAT to grow 31% YoY for EIM.

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