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Monthly Report on Eicher Motors Ltd by Choice Broking Ltd Eicher Motors (EICHERMOT) is currently trading at Rs 4,999.9 and consolidating within a rectangle chart pattern. The price action indicates a potential breakout from the range, supported by increasing trading volumes, which highlight strong buying interest and signal the possibility of further gains. Based on this technical analysis, a target price of Rs 5,400 is projected. Key technical indicators reinforce this bullish outlook. The stock is trading above critical Exponential Moving Avera...
Monthly Report on Eicher Motors Ltd by Choice Broking Ltd
Monthly Report on Eicher Motors Ltd by Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-19 04:12:05 pm
Sell Eicher Motors Ltd For Target Rs.4,000 By Motilal Oswal Financial Services Ltd Margins under pressure despite improved mix Focus on growth over profitability clearly visible * Eicher Motors’ (EIM) 2QFY25 operating performance was below our est. as margins contracted 90bp YoY to 25.5% mainly due to higher other expenses (higher promotional spend and warehousing). While VECV outperformed industry growth, it seems to have come at the expense of margins (down 70bp YoY to 7.1%). Management has indicated that they would continue to focus on demand generation ...
Sell Eicher Motors Ltd For Target Rs.4,000 By Motilal Oswal Financial Services Ltd
Sell Eicher Motors Ltd For Target Rs.4,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-19 09:28:54 am
Buy Eicher Motors (EIM) Ltd For Target Rs. 4,589 by Yes Securities Ltd Focus on volumes over margins accelerate Valuation and View – Volume trajectory to likely improve for near term     Eicher Motors (EIM) 2QFY25 consolidated results were operational weak with EBITA/margins miss of 4-6%/~70bp to our/street. This was led by lower-thanexpected margins in both standalone (led by lower ASP and inflated other expense) and VECV (weak margins). RE's margins expansion ahead will be guided by stable RM, higher share of non-motorcycle revenues,...
Buy Eicher Motors (EIM) Ltd For Target Rs. 4,589 by Yes Securities Ltd
Buy Eicher Motors (EIM) Ltd For Target Rs. 4,589 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-14 04:47:02 pm
Eicher Motors Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox Below the quote on Eicher Motors Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox   Views: While registering steady growth on an annual basis, Eicher Motors lagged in quarterly comparison. The 2W segment displayed steady growth despite facing the seasonal backlash, leading to lower footfall during the quarter, however, aided by higher ASP, the company registered healthy revenue growth during the quarter. On the CV front, the segment delivered its best-ever Q2 perf...
Eicher Motors Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox
Eicher Motors Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox
Source: StoxBox
2024-11-14 11:04:18 am
India`s Eicher Motors jumps 7% after Q2 results; `toughest phase` behind it, say analysts 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, that the toughest phase of competition was over. The stock was the top gainer on both the benchmark Nifty 50, which was flat, and the Nifty auto index, which is down 0.25%. Eicher's shares were last trading 7.2% higher at 4,922 rupees and were on track for their best day since Dec. 4, 202...
India`s Eicher Motors jumps 7% after Q2 results; `toughest phase` behind it, say analysts
India`s Eicher Motors jumps 7% after Q2 results; `toughest phase` behind it, say analysts
Source: Reuters
2024-11-14 10:29:13 am
Eicher Motors gains as its motorcycle division reports 31% rise in October sales Eicher Motors is currently trading at Rs. 4878.60, up by 46.40 points or 0.96% from its previous closing of Rs. 4832.20 on the BSE. The scrip opened at Rs. 4817.75 and has touched a high and low of Rs. 4904.35 and Rs. 4811.20 respectively. So far 981 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5104.50 on 27-Sep-2024 and a 52 week low of Rs. 3430.05 on 06-Nov-2023. Last one week high and low of the scrip stoo...
Eicher Motors gains as its motorcycle division reports 31% rise in October sales
Eicher Motors gains as its motorcycle division reports 31% rise in October sales
Source: Accord Fintech
2024-11-05 10:13:20 am
Eicher Motors rises as its arm incorporates new subsidiary in Indonesia Eicher Motors is currently trading at Rs. 4623.55, up by 35.00 points or 0.76% from its previous closing of Rs. 4588.55 on the BSE. The scrip opened at Rs. 4562.05 and has touched a high and low of Rs. 4646.80 and Rs. 4535.00 respectively. So far 1993 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5104.50 on 27-Sep-2024 and a 52 week low of Rs. 3272.35 on 01-Nov-2023. Last one week high and low of the scrip sto...
Eicher Motors rises as its arm incorporates new subsidiary in Indonesia
Eicher Motors rises as its arm incorporates new subsidiary in Indonesia
Source: Accord Fintech
2024-10-28 11:59:38 am
Sell Eicher Motors Ltd For Target Rs. 3,920 By Motilal Oswal Financial Services Ltd Operating performance in line RE would now invest to generate demand * Eicher Motors (EIM)’s 1QFY25 operating performance was in line. RE’s ASP grew 9% YoY despite a 1% YoY decline in volumes. RE’s margins also remained stable despite weak volume growth, led by a richer mix. Management expects domestic demand to pickup on the back of its new launches ahead of the festive season. * We cut our FY25E/FY26E EPS by 5%/3% to factor in weaker-than- expected RE volumes for ...
Sell Eicher Motors Ltd For Target Rs. 3,920 By Motilal Oswal Financial Services Ltd
Sell Eicher Motors Ltd For Target Rs. 3,920 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-24 02:18:29 pm
Sell Eicher Motors Ltd For Target Rs. 3,750 By Emkay Global Financial Services EIM reported a ~3% beat on Consensus EBITDA, owing to higher ASPs (up ~4% QoQ on better mix), with margin flat QoQ at 26.5%. EIM expects the middleweight segment (Royal Enfield, i.e. the RE core market) to grow a in high single digit in FY25 (vs double-digits earlier); it has planned multiple product interventions (following the recent Guerrilla 450) as well as marketing efforts (esp. in Hunter) to revive growth. Per our checks, Guerrilla has received lukewarm response so far; we maintain our...
Sell Eicher Motors Ltd For Target Rs. 3,750 By Emkay Global Financial Services
Sell Eicher Motors Ltd For Target Rs. 3,750 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-11 10:54:22 am
Buy Eicher Motors Ltd For Target Rs. 5,307 By Yes Securities RE in-line, VECV PAT boost led by tax credits Valuation and View – New RE launches yet to boost volumes Eicher Motors (EIM) 1QFY25 consolidated results were in-line as both standalone (S/A) and VECV performance were steady. EBITDA margins of S/A expanded 190bp (+30bp QoQ) at 27.9% (est 27.5%) led by record ASP at Rs186.5k/unit due to favorable product mix as price hikes were not taken during 1QFY25. VECV operating performance though were in-line with margins were at 7.6% (flat QoQ...
Buy Eicher Motors Ltd For Target Rs. 5,307 By Yes Securities
Buy Eicher Motors Ltd For Target Rs. 5,307 By Yes Securities
Source: Yes Securities Ltd
2024-08-11 10:26:38 am
Sell Eicher Motors Ltd For Target Rs. 3,920 By Motilal Oswal Financial Services Operating performance in line * Eicher Motors (EIM)’s 1QFY25 operating performance was in line. RE’s ASP grew 9% YoY despite a 1% YoY decline in volumes. RE’s margins also remained stable despite weak volume growth, led by a richer mix. Management expects domestic demand to pickup on the back of its new launches ahead of the festive season. * We cut our FY25E/FY26E EPS by 5%/3% to factor in weaker-than- expected RE volumes for FY25YTD. Reiterate Sell with a T...
Sell Eicher Motors Ltd For Target Rs. 3,920 By Motilal Oswal Financial Services
Sell Eicher Motors Ltd For Target Rs. 3,920 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-08-09 01:00:31 pm
Eicher Motors clocks 20 pc jump in Q1 net profit at Rs 1,101 crore  Eicher Motors Ltd (EML), the parent company of Royal Enfield, on Thursday announced a 19.9 per cent increase in its consolidated net profit to Rs 1,101 crore for the first quarter (April-June) of 2024-25, as compared to Rs 918 crore during the same period last year.  For the Q1 FY 2024-25, the auto major reported revenue from operations at Rs 4,393 crore, up 10.2 per cent as compared to Rs 3,986 crore in the corresponding quarter of FY 2023-24, according to a company statement. ...
Eicher Motors clocks 20 pc jump in Q1 net profit at Rs 1,101 crore
Eicher Motors clocks 20 pc jump in Q1 net profit at Rs 1,101 crore
Source: IANS
2024-08-09 09:25:46 am
India's Eicher Motors beats Q1 profit estimates on strong Royal Enfield sales  India's Eicher Motors, which makes the Royal Enfield brand of motorcycles, reported a bigger-than-expected first-quarter profit on Thursday, helped by sales of more expensive models such as the Himalayan 450. The company's profit rose almost 20% year-on-year to 11.01 billion rupees ($131.2 million) in the three months to June 30, beating analysts' average estimate of 10.14 billion rupees, as per LSEG data. ($1 = 83.9290 Indian rupees)
India's Eicher Motors beats Q1 profit estimates on strong Royal Enfield sales
India's Eicher Motors beats Q1 profit estimates on strong Royal Enfield sales
Source: Reuters
2024-08-08 06:02:54 pm
Sell Eicher Motors Ltd For Target Rs. 3,750 By Emkay Global Financial Services Royal Enfield (RE) has launched yet another new product—Guerrilla 450, a roadster 450cc motorcycle based on the ‘Sherpa 450’ platform, as seen in the new ‘Himalayan 450’. This will be RE’s first attempt at the sports segment, a far cry from its strength around classical/retro-looking bikes offering relaxed riding. The segment has been dominated by the likes of Bajaj/TVS with only ~10k units/mth, despite new launches by Bajaj (Triumph) and Hero (Harley). We ...
Sell Eicher Motors Ltd For Target Rs. 3,750 By Emkay Global Financial Services
Sell Eicher Motors Ltd For Target Rs. 3,750 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-07-21 10:00:57 am
Sell Eicher Motors Ltd For Target Rs. 3,400 - Emkay Global Financial Services In-line quarter; growth concerns remain EIM’s results were in line with estimates; revenues/EBITDA/PAT were up 12%/21%/18% YoY with margins up 43bps QoQ to 26.5% on lower RM. For EIM’s Royal Enfield (RE) brand, we believe growth remains a challenge with: i) recent launches like Himalayan 450 yet to take off meaningfully, ii) concerns around incremental growth potential from upcoming 450cc launches, given the segment’s limited size, and iii) replacement/upgrade demand for ...
Sell Eicher Motors Ltd For Target Rs. 3,400 - Emkay Global Financial Services
Sell Eicher Motors Ltd For Target Rs. 3,400 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-07-08 11:25:36 am
Buy Eicher Motors Ltd. For Target Rs.5,383 - Yes Securities In-line performance Valuation and View Eicher Motors (EIM) 4QFY24 consolidated results were in-line as both standalone (S/A) and VECV performance were steady. EBITDA margins of S/A expanded 290bp (flat QoQ) at 27.6% (est 27.6%) led by record ASP at Rs184k/unit due to higher exports share in volumes and benign RM. VECV margins were at 7.8% (flat QoQ, est 8%). Margins expansion ahead will be guided by stable RM, higher share of non-motorcycle and exports. The demand outlook is positive fo...
Buy Eicher Motors Ltd. For Target Rs.5,383 - Yes Securities
Buy Eicher Motors Ltd. For Target Rs.5,383 - Yes Securities
Source: Yes Securities Ltd.
2024-06-26 12:53:16 pm
sell Eicher Motors Ltd. For Target Rs. 4,020 - Motilal Oswal Financial Services Inline operating performance Rising competitive intensity remains a key cause of concern * EIM’s 4QFY24 operating performance was in line. Unexpectedly, VECV EBITDA margin remained stable QoQ despite a strong 24% volume growth. RE is likely to face rising competitive pressures in the coming years, both in domestic and export markets, potentially limiting its volume growth prospects. * We have cut our FY25E/FY26 EPS estimates by 4%/7% as we expect RE margins to be under pressure...
sell Eicher Motors Ltd. For Target Rs. 4,020 - Motilal Oswal Financial Services
sell Eicher Motors Ltd. For Target Rs. 4,020 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-23 02:28:38 pm
Sell Eicher Motors Ltd. for Target Rs.4,306 by Elara Capital Stable quarter Superior product mix drives margin improvement Eicher Motors (EIM IN) Q4 consolidated EBITDA rose 21% YoY and 4% QoQ at INR 10.3bn, with 4% YoY and flat QoQ volume growth in Royal Enfield (RE). EBITDA margin improved 40bp QoQ to 26.5% but was below our estimates by 30bp, led by a rise in employee expenses. Standalone ASP rose 3.6% QoQ and 5% YoY, led by improved product mix. VECV revenue surged 14% QoQ while was flat YoY at INR 62.7bn, with an EBITDA margin at 7.8%, down ...
Sell Eicher Motors Ltd. for Target Rs.4,306 by Elara Capital
Sell Eicher Motors Ltd. for Target Rs.4,306 by Elara Capital
Source: Elara Capital
2024-06-05 02:01:48 pm
Eicher Motors gains as its JV establishes Joint Venture with iTriangle Infotech Eicher Motors is currently trading at Rs. 4666.95, up by 19.80 points or 0.43% from its previous closing of Rs. 4647.15 on the BSE. The scrip opened at Rs. 4650.50 and has touched a high and low of Rs. 4690.00 and Rs. 4642.65 respectively. So far 639 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4740.30 on 14-May-2024 and a 52 week low of Rs. 3159.20 on 10-Jul-2023. Last one week high and low of the scrip stoo...
Eicher Motors gains as its JV establishes Joint Venture with iTriangle Infotech
Eicher Motors gains as its JV establishes Joint Venture with iTriangle Infotech
Source: Accord Fintech
2024-05-16 10:20:21 am
Eicher Motors inches up after its motorcycle division reports 12% rise in April sales Eicher Motors is currently trading at Rs. 4596.45, up by 0.40 points or 0.01% from its previous closing of Rs. 4596.05 on the BSE. The scrip opened at Rs. 4603.65 and has touched a high and low of Rs. 4629.15 and Rs. 4546.30 respectively. So far 5735 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4689.55 on 30-Apr-2024 and a 52 week low of Rs. 3159.20 on 10-Jul-2023. Last one week high and low of the scrip stoo...
Eicher Motors inches up after its motorcycle division reports 12% rise in April sales
Eicher Motors inches up after its motorcycle division reports 12% rise in April sales
Source: Accord Fintech
2024-05-02 03:02:05 pm
Hyundai`s India unit, Tata Motors post higher April sales  Automaker Tata Motors and Hyundai Motor's India unit reported higher sales in April from a year earlier, while sales of truck maker Eicher Motors dipped, monthly data from the companies showed on Wednesday. Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers. WHY IT'S IMPORTANT The sales numbers are seen as a key indicator of private consumption in India. The auto sector has more than 50% weightage in calculating the country'...
Hyundai`s India unit, Tata Motors post higher April sales
Hyundai`s India unit, Tata Motors post higher April sales
Source: Reuters
2024-05-01 04:09:23 pm
India`s Bajaj Auto beats Q4 profit estimates on demand for bikes, export recovery India's Bajaj Auto beat fourth-quarter profit estimates on Thursday, helped by strong domestic demand for its motorcycles and a recovery in two-wheeler exports. The 'Pulsar' bike-maker's standalone net profit climbed 35.1% to 19.36 billion rupees ($231.8 million) for the three months to March 31 from a year earlier. Analysts, on average, expected a profit of 18.26 billion rupees, per LSEG data. Strong domestic demand for two-wheelers, which boosted results in earlier qua...
India`s Bajaj Auto beats Q4 profit estimates on demand for bikes, export recovery
India`s Bajaj Auto beats Q4 profit estimates on demand for bikes, export recovery
Source: Reuters
2024-04-18 05:50:01 pm
Stock of the day : Eicher Motors Ltd For Target Rs.185 - Religare Broking Eicher Motors Ltd * EICHERMOT has been trading in the corrective phase from last more than 4 months after hitting record high levels. * It is trading in the tight range around the upper end of the consolidation phase while holding above the short term moving average. * Following price pattern and uptick in volumes suggests price to registered a breakout and surpass its previous swing high. * We thus recommend creating longs through the Call option. Buy Eicher Motors Ltd CMP...
Stock of the day : Eicher Motors Ltd For Target Rs.185 - Religare Broking
Stock of the day : Eicher Motors Ltd For Target Rs.185 - Religare Broking
Source: Religare Broking
2024-04-05 10:43:38 am
Sell Eicher Motors Ltd. For Target Rs. 3650 By Elara Capital Volume growth drags on waning demand Average selling price increases on improved mix Eicher Motors (EIM IN) Q3 consolidated EBITDA rose 27% YoY but was flat QoQ at INR 10.9bn, with 3% YoY and flat QoQ volume growth in Royal Enfield (RE). EBITDA margin dipped 30bp QoQ to 26.1% vs our estimates of 25.6%, led by a rise in employee expenses. Standalone ASP rose 3.7% QoQ and 9.7% YoY, led by improved product mix....
Sell Eicher Motors Ltd. For Target Rs. 3650 By Elara Capital
Sell Eicher Motors Ltd. For Target Rs. 3650 By Elara Capital
Source: Elara Capital
2024-04-03 11:01:12 am
Buy Eicher Motors Ltd. For Target Rs. 4,631 By Yes Securities In-line performance Valuation and View Eicher Motors (EIM) 3QFY24 consolidated results were in-line as both standalone (S/A) and VECV performance were steady. EBITDA margins of S/A expanded 360bp (-40bp) at 27.5% (in-line), despite Rs200m one-off impact (~50bp) due to product launch and Motoverse event expenses. VECV margins were at 8% (+140bp, +10bp QoQ, est 7%), led by operating leverage. Margins expansion ahead will be gradual ahead as normalization of cost would be partially offset ...
Buy Eicher Motors Ltd. For Target Rs. 4,631 By Yes Securities
Buy Eicher Motors Ltd. For Target Rs. 4,631 By Yes Securities
Source: Yes Securities Ltd.
2024-03-26 12:39:11 pm
Add Eicher Motors Ltd. For Target Rs.4268 By Choice Broking In Q3FY24, Eicher Motors gave in line performance on all fronts. Revenue for the quarter grew by 12.3% YoY to Rs.41.8bn over last quarter vs our est. of Rs.40.16 (+9% volume/+3% ASP), increase in ASP attributed to the change in mix and price hike. On the margin front, margin expanded 305bps YoY/-33bps QoQ to 26.1% vs est of 26.1%. EBIDTA during the quarter came at Rs.10.9billion (+27% YoY / +0.3% QoQ) and EBIDTA/vehicle stood at Rs.47804/vehicle (23.5% YoY/+0.8% QoQ) and P...
Add Eicher Motors Ltd. For Target Rs.4268 By Choice Broking
Add Eicher Motors Ltd. For Target Rs.4268 By Choice Broking
Source: Choice Broking
2024-03-21 12:12:25 pm
Buy Eicher Motors Ltd. For Target Rs.4,116 By Yes Securities Margins surprise led by price hikes, cost savings Valuation and View Eicher Motors (EIM) 2QFY24 consolidated results were better with ~13%/6% beat to our/street EBITDA leading to margins expanding by 3110bp YoY/+80bp QoQ at 26.4% (FY19 levels). This was largely due to positive impact of RM declined (~100bp) and balance due to price hike, cost savings, higher spares sales offsetting lower exports which declined 20.8% YoY (-4.5% QoQ). However, margins expansion ahead will be gradual ahead...
Buy Eicher Motors Ltd. For Target Rs.4,116 By Yes Securities
Buy Eicher Motors Ltd. For Target Rs.4,116 By Yes Securities
Source: Yes Securities Ltd.
2024-03-18 11:37:49 am
India auto sales sustain growth in February Indian automakers continued to report a steady rise in sales in February, helped by demand for two-wheelers and utility vehicles, monthly sales data from companies showed. Each month, automobile makers in India release wholesale numbers - or vehicle sales to dealers. Tata Motors reported a 19% year-on-year rise in its passenger vehicle (PV) sales for the month, higher than the 12% rise in January, while Toyota's Indian unit posted record sales for the second consecutive month at 25,...
India auto sales sustain growth in February
India auto sales sustain growth in February
Source: Reuters
2024-03-01 02:58:50 pm
Eicher Motors gains as its motorcycle division reports 6% rise in February sales Eicher Motors is currently trading at Rs. 3855.75, up by 62.75 points or 1.65% from its previous closing of Rs. 3793.00 on the BSE. The scrip opened at Rs. 3799.45 and has touched a high and low of Rs. 3856.00 and Rs. 3778.00 respectively. So far 7168 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4201.70 on 04-Dec-2023 and a 52 week low of Rs. 2835.95 on 28-Mar-2023. Last one week high and low of the scrip sto...
Eicher Motors gains as its motorcycle division reports 6% rise in February sales
Eicher Motors gains as its motorcycle division reports 6% rise in February sales
Source: Accord Fintech
2024-03-01 11:41:09 am
Auto stocks fall on report of lower domestic commercial vehicle volumes Stocks related to the auto industry declined on the BSE, as rating agency Icra said that domestic Commercial Vehicle (CV) volumes are likely to dip 4-7 per cent year-on-year next fiscal with high base effect kicking in. The volumes are expected to remain muted through the January-March quarter on account of a perceived pause in the infrastructural activities as the model code of conduct kicks in ahead of the general elections. It estimates the domestic CV industry volumes to register 2-5 per ...
Auto stocks fall on report of lower domestic commercial vehicle volumes
Auto stocks fall on report of lower domestic commercial vehicle volumes
Source: Accord Fintech
2024-02-28 12:30:14 pm
Accumulate Eicher Motors Ltd for target Rs. 4,100 - Prabhudas Lilladhar Ltd We increase our FY24/FY25/FY26 consol. EPS estimates by 7%/4%/3% to factor in 3Q beat along with management commentary and upgrade the rating to ‘Accumulate’ from ‘Hold’ with revised SoTP based TP of Rs 4,100 (previous Rs. 3,870). Eicher Motors’ (EIM) 3QFY24 consol. EBITDA margin at 26.1% came ~20bps above consensus and above PLe (23.5%); margins contracted ~30bps QoQ led by higher other opex given multiple launches and higher marketing and advertising spends in ...
Accumulate Eicher Motors Ltd for target Rs. 4,100 - Prabhudas Lilladhar Ltd
Accumulate Eicher Motors Ltd for target Rs. 4,100 - Prabhudas Lilladhar Ltd
Source: Prabhudas Liladhar
2024-02-14 12:54:52 pm
Buy Eicher Motors Ltd For Target Rs. 4,661 - Religare Broking Ltd Decent revenue growth: Eicher Motors revenue from operations grew by 12.3% YoY/1.6% QoQ to Rs 4,179 Cr, led by price hikes and premiumization trend amid subdued volume growth of 3.8% YoY to 248,779 units. Its other income was up by 31.9% YoY and share of profits from JV was up by 78.2% YoY which led the profit to improve by 34.4% YoY to Rs 996 Cr, however, it declined by 2% sequentially. Mixed margin performance: It continues to benefit from benign commodity prices as its gross profit grew...
Buy Eicher Motors Ltd For Target Rs. 4,661 - Religare Broking Ltd
Buy Eicher Motors Ltd For Target Rs. 4,661 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-02-14 11:09:56 am
India`s Eicher expects Royal Enfield motorcycle exports to pick up after two-year slump India's Eicher Motors said on Tuesday that it expects international sales of its Royal Enfield motorcycles to pick up in the next two to three quarters after struggling with exports for nearly two years. Strong domestic sales of Royal Enfield, a premium-priced motorcycle, helped Eicher post a bigger-than-expected 12.3% jump in revenue to 41.79 billion rupees ($504 million) for the October-December quarter. However, Royal Enfield exports, as a share of total sales, were just 6.4% in ...
India`s Eicher expects Royal Enfield motorcycle exports to pick up after two-year slump
India`s Eicher expects Royal Enfield motorcycle exports to pick up after two-year slump
Source: Reuters
2024-02-14 09:19:32 am
India`s Eicher Motors beats Q3 profit estimates Indian automaker Eicher Motors reported a better-than-expected third-quarter profit on Tuesday, on the back of steady demand for its premium Royal Enfield motorcycles and higher commercial vehicle sales. The company's profit rose 34.4% to 9.96 billion rupees ($120 million) in the three months to Dec. 31, beating analyst estimates of 9.89 billion rupees, as per LSEG data. ($1 = 83.0091 Indian rupees)
India`s Eicher Motors beats Q3 profit estimates
India`s Eicher Motors beats Q3 profit estimates
Source: Reuters
2024-02-13 02:52:37 pm
Eicher Motors rises on the BSE Eicher Motors is currently trading at Rs. 3905.85, up by 19.10 points or 0.49% from its previous closing of Rs. 3886.75 on the BSE. The scrip opened at Rs. 3913.05 and has touched a high and low of Rs. 3916.10 and Rs. 3892.00 respectively. So far 2155 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4201.70 on 04-Dec-2023 and a 52 week low of Rs. 2835.95 on 28-Mar-2023. Last one week high and low of the scrip sto...
Eicher Motors rises on the BSE
Eicher Motors rises on the BSE
Source: Accord Fintech
2024-02-06 12:24:42 pm
Eicher Motors surges as its JV forays into small commercial vehicle segment Eicher Motors is currently trading at Rs. 3876.75, up by 51.75 points or 1.35% from its previous closing of Rs. 3825.00 on the BSE. The scrip opened at Rs. 3899.70 and has touched a high and low of Rs. 3899.70 and Rs. 3844.00 respectively. So far 3875 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4201.70 on 04-Dec-2023 and a 52 week low of Rs. 2835.95 on 28-Mar-2023. Last one week high and low of the scrip sto...
Eicher Motors surges as its JV forays into small commercial vehicle segment
Eicher Motors surges as its JV forays into small commercial vehicle segment
Source: Accord Fintech
2024-02-05 11:48:37 am
India`s January car sales surge as manufacturers look to build inventory  Indian carmakers reported record sales in January as they looked to build up inventory of new and refreshed models this calendar year, wholesale data from the companies showed on Thursday. Automakers in India release monthly wholesale numbers – or sale of vehicles to dealers – at the beginning of each month. The data is seen as a key indicator to estimate private consumption, as it has over 50% weightage in assessing the country's economic growth. Maruti Suzuki ...
India`s January car sales surge as manufacturers look to build inventory
India`s January car sales surge as manufacturers look to build inventory
Source: Reuters
2024-02-01 05:13:16 pm
Buy Eicher Motors Limited For Target Rs. 4550-4800 - Religare Broking Ltd TECHNICAL OUTLOOK We are seeing noticeable traction in the auto space and Eicher Motor is trading largely in tandem with the trend. It has reclaimed the record high after spending nearly over a year in a corrective phase. And, it is currently hovering in a narrow range around its record high, forming a base around its previous breakout zone. This consolidation is a fresh buying opportunity for those who missed the chance earlier. FORWARD PE BAND (x)   TECHNICAL C...
Buy Eicher Motors Limited For Target Rs. 4550-4800 - Religare Broking Ltd
Buy Eicher Motors Limited For Target Rs. 4550-4800 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-12-28 01:46:48 pm
Buy Eicher Motors (EIM) Ltd for Target Rs. 4,116 - Yes Securities Ltd Margins surprise led by price hikes, cost savings Valuation and View Eicher Motors (EIM) 2QFY24 consolidated results were better with ~13%/6% beat to our/street EBITDA leading to margins expanding by 3110bp YoY/+80bp QoQ at 26.4% (FY19 levels). This was largely due to positive impact of RM declined (~100bp) and balance due to price hike, cost savings, higher spares sales offsetting lower exports which declined 20.8% YoY (-4.5% QoQ). However, margins expansion ahead will be gradual ahead...
Buy Eicher Motors (EIM) Ltd for Target Rs. 4,116 - Yes Securities Ltd
Buy Eicher Motors (EIM) Ltd for Target Rs. 4,116 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-12-26 12:17:39 pm
Buy Eicher Motors Limited For Target Rs. 4,440 - Emkay Global Financial Services EIM reported a healthy Q2, highlighted by the sequential uptick in ASPs and margins (up 81bps to 26.4%, above estimates), with double-digit beat at the PAT level on higher-than-expected EBITDA and other income. Amid improved underlying demand trends (~14% YoY growth in the ongoing festive season despite reasonable base post-Hunter) and expected multi-year upturn ahead in 2Ws post several years of struggle, we continue to consider EIM as one of the top picks in autos (focused play on premium 2...
Buy Eicher Motors Limited For Target Rs. 4,440 - Emkay Global Financial Services
Buy Eicher Motors Limited For Target Rs. 4,440 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-12-08 11:50:44 am
Eicher Motors rides high on reporting 55% rise in Q2 consolidated net profit Eicher Motors is currently trading at Rs. 3647.15, up by 70.15 points or 1.96% from its previous closing of Rs. 3577.00 on the BSE. The scrip opened at Rs. 3586.05 and has touched a high and low of Rs. 3676.25 and Rs. 3586.05 respectively. So far 17042 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3746.25 on 02-Jun-2023 and a 52 week low of Rs. 2835.95 on 28-Mar-2023. Last one week high and low of the scrip st...
Eicher Motors rides high on reporting 55% rise in Q2 consolidated net profit
Eicher Motors rides high on reporting 55% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-11-13 02:16:46 pm
Buy Eicher Motors Limited For Target Rs. 4,202 - Religare Broking Ltd Record overall performance despite the competitive pressure! Strong overall performance: Eicher’s Q2FY24 performance was in line with our expectations wherein its revenue from operations came in at Rs 4,115 Cr, up by 16.9% YoY/3.2% QoQ. Despite the competitive pressure the company posted a healthy volume growth of 10.4% YoY and marginally on sequential basis to 248,831 units which was supported by festive period and shift towards premium motorcycles. Healthy realizations: Its blen...
Buy Eicher Motors Limited For Target Rs. 4,202 - Religare Broking Ltd
Buy Eicher Motors Limited For Target Rs. 4,202 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-11-13 02:09:26 pm
India`s Eicher Motors posts record Q2 profit on strong Royal Enfield sales India's Eicher Motors reported a larger-than-expected rise in second-quarter profit on Friday, helped by strong sales of its Royal Enfield motorcycles. Eicher, which also makes buses and trucks, said its consolidated net profit rose 54.7% to a record 10.16 billion rupees ($122 million) in the three months to Sept. 30 from a year earlier. Analysts, on average, had expected a profit of 9.29 billion rupees, per LSEG data. While two-wheelers are largely a barometer for rural demand, ...
India`s Eicher Motors posts record Q2 profit on strong Royal Enfield sales
India`s Eicher Motors posts record Q2 profit on strong Royal Enfield sales
Source: Reuters
2023-11-10 06:00:43 pm
Eicher Motors moves as its arm unveils electric vehicle design concept Eicher Motors is currently trading at Rs. 3515.90, up by 6.90 points or 0.20% from its previous closing of Rs. 3509.00 on the BSE. The scrip opened at Rs. 3521.55 and has touched a high and low of Rs. 3534.65 and Rs. 3508.00 respectively. So far 987 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3792.95 on 09-Nov-2022 and a 52 week low of Rs. 2835.95 on 28-Mar-2023. Last one week high and low of the scrip stood...
Eicher Motors moves as its arm unveils electric vehicle design concept
Eicher Motors moves as its arm unveils electric vehicle design concept
Source: Accord Fintech
2023-11-08 12:42:53 pm
NTPC top performer in Nifty`s rally from 19k to 20k NTPC, Coal India, Cipla, L&T and Tata Steel were top performers, while Britannia, Eicher, HUL, HDFC Bank and Nestle were the key laggards during Nifty's 19k to 20k journey during Jun?23- Sept?23.The Nifty-50 has touched the milestone of 20,000 in Sep?23.After a volatile and long journey from 18k to 19k, the Nifty-50 added the next 1,000 points (19k to 20k) relatively faster ? only 52 trading days (from Jul?23-Sep?23) vs. 425 trading sessions (from Oct?21-Jun?23) during its journey from 18...
NTPC top performer in Nifty`s rally from 19k to 20k
NTPC top performer in Nifty`s rally from 19k to 20k
Source: IANS
2023-09-15 12:01:01pm