Eicher Motors shares have shown positive returns across various time frames. Over the past three months, the stock has delivered a solid return of 4.73%, reflecting its stability and growth potential. In the last six months, the performance has been even more remarkable, with a substantial increase of 34.45%, highlighting a strong upward trend.
Eicher Motors’ share price surged 5%, making it the top gainer in the Nifty 50, following the company’s impressive Q1 results that exceeded market expectations. The stock reached an intra-day high of Rs 4,839.90 on the NSE, reflecting a jump of 5.43%.
Jefferies on Eicher Motors
According to a recent report by Jefferies on Eicher Motors, the firm has maintained a ‘Buy’ rating with a target price of Rs 5,550. While the recent weakness in Royal Enfield volumes is noted as a concern. However, Jefferies has cut its FY25-27 EPS estimates by 2-4%.
JP Morgan on Eicher Motors
JP Morgan has maintained a ‘Neutral’ rating while raising the target price to Rs 4,435 from Rs 4,230. The report attributes the margin improvement to strategic pricing actions.
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