Click here for detailed Stock & Result Analysis of Eicher Motors

 

 

Eicher Motors posts another quarter of Positive Financial Trend

While Sales have increased by 9% YoY, Profit has jumped 24%

 

Whats working

  • Highest Sales of 2,251 cr in the last 5 quarters, the sales have increased each quarter
  • Highest Operating Profit Sales of 707 cr in the last 5 quarters 
  • Trailing 9 month PAT has increased by 23% YoY

 

Other Interesting Developments

  • Mutual Funds have increased stake each quarter and has reached 4.6%
  • FIIs at 32% are the second biggest holders after the promoters

 

Market Reaction

  • Even though over the last year Eicher has underperformed the market, it has shown its resiliency in the last difficult week.
  • Stock has given 4% in the last week while the sensex has been down -5%

 

Experts

  • Motilal Oswal has given a Buy Call on Eicher with a potential upside of 22% from the current price

While the stock is trading in a Bearish range, will the Positive results uplift the mood? Your Views?

 

Click here for detailed Stock & Result Analysis of Eicher Motors