INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Aug 13, 2018, 05.01 PM ISTThe current market price of Eicher Motors is Rs 28,442.30.Edelweiss Financial Services has a buy
call on Eicher Motors with a target price of Rs 35,731.
The current market price of Eicher Motors is Rs 28,442.30.
Time period given by the
brokerage is one year when Eicher Motors price can reach the defined target
despite higher-than-expected commodity pressure
options (refer, Gun Metal Grey: Gunning for growth) and faster growth for >350cc segment (4MYTDFY19 growth at 35% YoY versus 17% for 350cc
EIM is also expanding presence in low-penetration states, which should bolster growth despite the fact that in a few states (Maharashtra,
Karnataka) RE demand is synchronising with industry trend
650cc twins will be launched in September end and delivery will commence from December
This recommendation is analyst's own and does not represent those of economictimes.com ETMarkets.com
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