Prabhudas Lilladher is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 5335 in its research report dated May 13, 2024.
The company’s revenue from operations jumped 11.87 percent Year-On-Year (YOY) to Rs 4,256 crore as compared to Rs 3,804 crore in the same quarter last fiscal
Royal Enfield maker Eicher Motors is expected to see its fiscal fourth-quarter net profit rise to Rs 1,013 crore, up 36 percent from the year-ago period, according to a Moneycontrol poll of brokerage estimates.
VE Commercial Vehicles (VECV) -- a joint venture of the Volvo Group and Eicher Motors -- sold 6,567 units in April 2023, Eicher Motors said in a regulatory filing.
Eicher Motors ended at new closing high of Rs 4,205.75 after breakout of falling resistance trendline adjoining highs of December 4 and December 29 last year, and formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.
Bajaj Finance extended uptrend for seventh consecutive session. With last Thursday's strong run, the stock firmly got back above all key moving averages and formed long bullish candlestick pattern on the daily timeframe with robust volumes.