INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Eicher Motors Ltd
with a target price of Rs 21500
The current market price of Eicher Motors Ltd
Time period given by the analyst is Intra Day when Eicher Motors Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 20,000
Eicher Motors Ltd., incorporated in 1982, is a largecap company with a market cap of Rs 55939.30 crore.
Eicher Motors Ltd
key Products/Revenue Segments include Automobile - 2 Wheelers which contributed Rs 8314.17 Crore to Sales Value (90.25 % of Total Sales),
Spare Parts Components which contributed Rs 853.56 Crore to Sales Value (9.26 % of Total Sales), Scrap which contributed Rs 22.15 Crore to
Sales Value (0.24 % of Total Sales), Export Incentives which contributed Rs 17.58 Crore to Sales Value (0.19 % of Total Sales) and Other
Operating Revenue which contributed Rs 4.35 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 2328.25 Crore, down -2.80 % from last quarter Sales
of Rs 2395.22 Crore and up 3.45 % from last year same quarter Sales of Rs 2250.65 Crore Company has reported net profit after tax of Rs
491.48 Crore in latest quarter
Company has S R Batliboi Co
LLP as its auditoRs As on 31-12-2018, the company has a total of 27,275,653 shares outstanding.
