Narnolia

Narnolia

Toll Free No: 1800-103-7212

EICHER MOTORS LTD.

NSE : EICHERMOTBSE : 505200ISIN CODE : INE066A01013Industry : Automobile Two & Three WheelersHouse : Eicher
BSE21599.55130.2 (+0.61 %)
PREV CLOSE ( ) 21469.35
OPEN PRICE ( ) 21686.40
BID PRICE (QTY) 21577.40 (3)
OFFER PRICE (QTY) 21605.00 (1)
VOLUME 857
TODAY'S LOW / HIGH ( )21442.95 21686.40
52 WK LOW / HIGH ( )15196.95 25300
NSE21582.40105 (+0.49 %)
PREV CLOSE( ) 21477.40
OPEN PRICE ( ) 21600.00
BID PRICE (QTY) 21577.00 (23)
OFFER PRICE (QTY) 21582.40 (3)
VOLUME 48644
TODAY'S LOW / HIGH( ) 21424.20 21700.00
52 WK LOW / HIGH ( )15200 25350
AnalystDate11 Nov 2019
BSECode505200
BlogURLNA
NoteDescriptionThe management’s strategy to open studio stores in tier-2 & tier-3 cities will drive the volumes with increased presence. The demand situation has improved on the retail side during festivals but the sustenance remains a concern. However, the 650 twins have been growing robustly and lead to over 150%YoY growth in exports in 2QFY20. Going ahead we expect margins to remain under pressure because of new stores, new launches and increased promotional activities. The demand scenario on the CV side remained lull leading to reduction in overall profitability. Factoring the demand concerns and margin contraction, we reduce our FY21 PAT estimates by 2%. We value EICHERMOT at 21x FY21e EPS to arrive at a target price of Rs.19041 and maintain NEUTRAL rating.
YouTubeURLNA

Directory

current IPO
upcoming IPO
Narnolia Research & Advisory Narnolia Trading Platforms Narnolia Online | media Room