Shares of Eicher Motors fell 2.5% to the day’s low of Rs 3,756.10 on the NSE on Wednesday notwithstanding a strong December quarter show and target upgrades by a couple of brokerages. While CLSA upgraded the stock to Underperform and raised the price target, Nomura took a neutral view and also revised the price target … Read more
Shares of Eicher Motors jumped 2.6% to the day’s high of Rs 3,675 on the NSE on Monday despite a weak start to the week from the domestic stock markets. The gains were on strong September quarter earnings and favourable view by top brokerages. Among them were Jefferies CLSA and Nuvama which held on to … Read more
Eicher Motors shares rose nearly 3% to Rs 3,478 in early trade on Friday after the firm reported a 50.38% year-on-year (YoY) rise in its June quarter profit at Rs 918 crore to beat Street estimates. However, later in the day, the stock was trading flat at Rs 3,378. The company’s revenue rose 17.33% YoY … Read more
Domestic indices extended their rally on Tuesday with Sensex closing at a record high for the fourth straight session. Sensex sailed past 65,500 and Nifty crossed the 19,400 mark during the day. Stocks that were in focus include names like Nykaa, which was down 2%, Eicher Motors, which declined 6% and IDFC First Bank, whose … Read more
Shares of Eicher Motors climbed over 5% to Rs 3,340 in Wednesday’s intraday trade on BSE after the company posted 62% growth in consolidated net profit at Rs 741 crore for the quarter ended December 2022. The same was Rs 456 crore in the year-ago period. The company’s revenue from operations surged 29% to Rs … Read more
, part of the 2-3-wheeler space, is a top buy amid a cool-off in raw material prices which will support the margins, as well as a rise in demand amid the ongoing festive season. Bulls remained in control of Eicher Motors as the stock rallied more than 10% in a week, and over 25% in … Read more
Global brokerage BofA Securities maintained its buy rating on and , and JPMorgan initiated coverage on with an underperform rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on : Buy| Target Rs 2805BofA Securities maintained a buy rating on Reliance Industries with a target … Read more
Indian market closed in the green for the sixth consecutive day on Friday tracking positive global cues. The S&P BSE Sensex reclaimed 56,000 while the Nifty50 closed above 16,700 levels. Sectorally, buying was seen in banks, finance, FMCG, and realty stocks, while selling was seen in power, utilities, IT, and telecom stocks. Stocks in focus … Read more