INSUBCONTINENT EXCLUSIVE:
Royal Enfield maker Eicher Motors rallied 3 per cent on Friday as the company came up with its best ever quarterly show
On Thursday, the bike maker reported its best quarterly consolidated net profit at Rs 576 crore in April-June, driven by robust motorcycle
sales.
The company registered 25.36 per cent growth in net profit for the first quarter to June, from Rs 460 crore in Q1 of
2017-18.
Consolidated total revenue from operations stood at Rs 2,548 crore for the quarter under review, the company's highest ever so
It stood at Rs 2,255 crore in the year-ago period.
The scrip added 3.02 per cent at Rs 28,315 at around 10.22 am
The BSE Sensex came down by 95 points, or 0.25 per cent, at 37,930 at around the same time.
Global brokerage firm Macquarie maintained
Despite rise in volume, market share is still low in large states
the price target to Rs 36,150 from Rs 39,300 earlier
Royal Enfield margins expand despite commodity price pressures
Royal Enfield waiting list comfort has faded, but structural story is intact
