Nifty 5o index gave 5.4 percent returns in November, while Sensex recorded a 4.7 percent gain in the same period.

“Typically when we see this kind of an exuberance and when the IPO listing happens at a much higher price than what people would have thought, this kind of a momentum is not great news for people who are looking to buy into the market having some sort of a missed out feeling. I would certainly say that let us not get too gung-ho on what is happening in the IPO market.”

CLSA maintained a buy rating on Ashok Leyland with a target price of Rs 238. The CV industry outlook for FY24 is looking strong.

RE faces a challenge due to reduced demand in developed markets affecting its exports

Also, Elara Capital recommended a buy on L&T and HDFC Securities Institutional Research has a buy on Sai Silks (Kalamandir).

Commenting on the new launch of Himalayan range, analysts at Nomura said that it was a significant upgrade that the auto major launched with attractive design, improved performance, and technology features

"Markets will continue to trade between 19850 and 19700 next week as well. Something important to note will be the Bank Nifty. Next week, we could actually see Bank Nifty outperforming Nifty. We will be surprised if 43,800 is taken out, we could be inching closer to about 44,000 on the Bank Nifty."

The Himalayan 450 will take the place of the present Himalayan 411. Aside from the new engine, the Himalayan 450 will mark a number of firsts for the Indian company.

Jefferies noted that concerns about higher US yields, rising oil prices, and near-term state election outcomes have subsided

On the revenue front, Tata Motors led the growth in the four-wheeler segment, with its consolidated sales rising about 37% year-on-year (YoY) in the six months ended September (H1).

The domestic commercial vehicle industry is expected to reach its peak sales volume of 2018-19 this fiscal and grow briskly over the next few years, coinciding with the overall economy's growth. Heavy-duty truck sales have grown by 15% in the first seven months (April-October). The economy is expected to cross the $5 trillion mark, and new age customers like e-commerce companies seek better turnaround time, leading to the replacement of old trucks with new ones.

Prabhudas Lilladher recommended accumulate rating on Eicher Motors with a target price of Rs 3800 in its research report dated November 11, 2023.

The standout feature of this earnings season has been the expansion of margins by 694 basis points YoY, reaching a remarkable 30.14% for the quarter. This was propelled by the strategic benefit reaped from the decline in input costs.

Eicher Motors traded way above all key moving averages and largely maintained upward trend after a range breakout in previous week.

With a record revenue of Rs 4,115 crore, up 17 percent on-year, and EBITDA of Rs 1,087 crore, up 32 percent YoY, the company reported highest ever net profit of Rs 1,016 crore, a robust growth of 55 percent on-year.

With a record revenue of Rs 4,115 crore, up 17 percent on-year, and EBITDA of Rs 1,087 crore, up 32 percent YoY, the company reported highest ever net profit of Rs 1,016 crore, a robust growth of 55 percent on-year.

Leading auto company Eicher Motors on Friday posted a 55% growth in its consolidated net profit to Rs 1,016 crore in the September 2023 quarter from Rs 657 crore a year ago.

Investec maintained a buy rating on BSE and raised the target price to Rs 2345 from Rs 2140 earlier.

Oil and Natural Gas Corporation reported a 65% growth in consolidated net profit to Rs 13,734 crore. Revenue from operations, however, dropped by 13% to Rs 1.47 lakh crore

The topline and bottomline were the highest-ever quarterly numbers for the company. The company has also reported a record EBITDA of Rs 1,087 crore, with a growth of 32% YoY. Total sales volume during the second quarter increased 13% year-on-year to 2.29 lakh units.

"Overall we expect the ongoing recovery to continue and any dips can be used as buying opportunity," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

Moody's has upgraded the corporate family rating of Tata Motors and Jaguar Land Rover to “Ba3” from “B1”, while maintaining a positive outlook.

Lower raw material costs are expected to help the company’s Ebitda margin to improve

The Chennai-headquartered firm, a part of Eicher Motors, currently sells bikes all across the continent and has a market share of around 8.5 per cent in the middle-weight motorcycle segment. In an interaction on the sidelines of the annual EICMA motor show here, Royal Enfield CEO B Govindarajan said the company believes in replicating the success it enjoys in the Indian market in the middleweight segment in international markets as well.

In the ever-shifting landscape of stock trading, technical indicators can be your guiding light. On November 6, Monday, Trendlyne unveiled the formation of the Golden Crossover in over 40 Nifty stocks. ETMarkets shines a spotlight on this significant pattern and presents 5 stocks - Coal India, Divi's Laboratories, Dr. Reddy's Laboratories, Eicher Motors, and Grasim Industries - that have recently experienced this powerful shift in momentum.

Key reasons stoking this trend include better infrastructure, quality of life, wealth preservation and growth. Many of these promoters told ET on the condition of anonymity that India is important as a growth market, but many countries outside offer ease of living.

Eichers' international business segment contributed sales of 3,477 units, reflecting a 39 percent decline YoY.

Nifty is trading below its significant moving averages, indicating a bearish trend.

Sun Pharma, Mahindra & Mahindra, Grasim, Dr Reddy's and Eicher are other large-cap stocks trading below their 10-year average valuations.

ETMarkets provides insights into the Golden Crossover pattern, its significance for investors, and highlights 10 stocks that recently experienced this bullish formation.

Emkay Global Financial is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 4440 in its research report dated October 18, 2023.

Motorcycle maker Royal Enfield has partnered with finance start-up OTO Capital to launch an assured buyback program for its motorcycles. The program offers flexible tenure options, lower monthly payments, and a guaranteed buyback value of up to 77% depending on the tenure. Customers will have the option to trade, retain, or return their motorcycle at the end of the tenure.

“In a lot of segments, we will see clear divergence into what would earlier have been thought as essential spending and more luxury and high-ticket spending. We are reorienting our portfolios based on some of these themes, which is part of a broader theme that we are playing with called WESCO.”

“We have historically hesitated to participate in real estate developers to play the real estate story. We played it through home-building materials, where there are some really fantastic business models which are not leveraged. We own paints companies, adhesives companies, pipes, footings. We prefer building materials because og our philosophy of looking for very low leverage on the balance sheet in the business model ”

Discover the power of the Golden Crossover as we analyze 10 Nifty stocks that have recently exhibited this pattern. ETMarkets explores the significance of the Golden Crossover and why it's a crucial indicator for making informed investment decisions.

On October 5, Thursday, Stock Edge reported 40 stocks trending up, and ET Markets explores the top 10 stocks to watch for potential gains based on RSI movement.

“We have seen TVS delivering a decent set of numbers and also Ashok Leyland delivering slightly better than market expectations. It would make sense to have overall positive bias over the sector with names that we prefer within that being Ashok Leyland, Tata Motors and Maruti. These are the three names that one can really go with.”

Stocks that were in focus included names like Eicher Motors, which fell 2.68%, Network 18, which rose 8.07%, and Escorts, whose shares declined 1.73% on Tuesday.

Perfect Triangle#EICHERMOT ✌️✌️Intraday Stock for Tomorrow 03.10.23

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 94357.44 Crore) operating in Auto sector.

The stock has been a laggard and underperformed not just the sector but also the Nifty index, giving negative returns of 0.70% over the past 12 months. While the Nifty Auto index has rallied 24% during this period, the broader Nifty50 has yielded 15% gains.

The brokerage firm suggests that Royal Enfield (RE) appears well-placed to benefit from a potential demand recovery in Indian 2-wheelers

India is set to experience significant growth in the next decade and become a key player in manufacturing operations for the Volvo Group, according to Sofia Frandberg, Chairperson of VE Commercial Vehicles (VECV). Frandberg highlighted the company's strong growth in all segments, including buses, trucks, engines, and components. VECV, a joint venture between Eicher Motors and Volvo, has already become the sole global manufacturer of 5-litre and 8-litre diesel engines for Volvo.

On Friday, GreenCell Mobility and VE Commercial Vehicles announced that they had reached a deal to supply 1,000 electric buses over the following five years. The two parties have signed a memorandum of understanding, which envisages VE Commercial Vehicles (VECV) supplying 1,000 Eicher electric buses to GreenCell's intercity bus business, NueGo, the two companies said in a joint statement.

This article explores the significance of the Golden Crossover and why it's essential for investors to assess stock movements based on this pattern. Join us as we analyze 10 stocks that recently experienced the Golden Crossover, offering insights for your investment decisions.

On September 8, Friday, StockEdge highlighted 10 stocks with declining Relative Strength Index (RSI) trends

On September 11, 2023, Trendlyne reported that over 40 Nifty stocks have recently witnessed a Golden Crossover. In this article, we'll explore what a Golden Crossover is, why it's crucial for assessing stock movements, and present 10 promising stocks that have experienced this pattern.

Eicher Motors, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 92788.01 Crore) operating in Auto sector.

India VIX was down by 1.83% from 10.67 to 10.87 levels in the previous session. Volatility has been cooling off from the last three weeks and comforting the bulls at support zones.

The surpassing of the 100-day SMA is a significant event in stock trading, often suggesting changing market dynamics.

Eicher Motors gained 2 percent on September 1 after the company reported more than 29 percent on year jump in monthly sales

Eicher Motors Ltd on Friday said its arm VE Commercial Vehicles Ltd posted a 29.4 per cent growth in total sales at 6,476 units in August 2023. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 5,907 units last month as compared to 4,530 units in August 2022.

In a regulatory filing, the company also announced the launch of Royal Enfiled Bullet 350 with the base model price pegged at Rs 1.73 lakh.

Sales of premium motorcycles in India are expected to double in the next five years, according to Siddhartha Lal, managing director of Eicher Motors. The growth in sales is driven by the aspirations of the middle-class in India, which is set to become the third-largest economy in the world. Lal also noted that India already accounts for half of the global mid-weight motorcycle market (250-750 cc).

"Whenever we have seen a change of management like this, it has worked positively for shareholders. Look at what happened in JB Chemicals, and even then UniChem. All the acquisitions which have taken place in the pharma industry have been very positive for both the acquirer as well as the acquired company. They also have been able to unlock a lot of synergy. So I am very positive on this particular development in Cipla, being a shareholder and a disclosure, we and our clients are invested in it."

“If companies can compound earnings by even 17-18% or so, for an extended period of time, then you have a multibagger in your investment holdings. This is true of the last so many stocks that I have seen for the last 10-15 years or so. The critical thing is to remain invested and ride through the turbulence.”

In the initial phase, Amazon will purchase 50 Trucks for major hubs like Delhi, Manesar and Gurgaon.

Eicher trucks and buses, a subsidiary of VE Commercial Vehicles, has partnered with Amazon to introduce up to 1,000 zero-emission electric trucks for Amazon's delivery operations in India over the next five years. As a first step, Amazon will deploy 50 Eicher electric trucks in major hubs like Delhi, Manesar, and Gurugram in the coming months.

"Between September '21 and March '22, the index was in the same range as the largecaps. But the smallcaps, which peaked out in January ‘22, got really hammered out and it is more of a mean reversal and catching up in the past two or three months. We expect that from here on, while Nifty might go another 25-30% odd in the next two or three years, the small and midcaps will probably deliver much more than that."

Emkay Global Financial is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated August 03, 2023.

Prabhudas Lilladher recommended Accumulate rating on Eicher Motors with a target price of Rs 3520 in its research report dated August 04, 2023.

YES Securities is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 4008 in its research report dated August 03 2023.

HDFC Securities recommended reduce rating on Eicher Motors with a target price of Rs 3207 in its research report dated August 03, 2023.

Sharekhan is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 3855 in its research report dated August 03, 2023.

Motilal Oswal recommended Neutral rating on Eicher Motors with a target price of Rs 3600 in its research report dated August 03, 2023.

"We expect a revenue CAGR of 11% over FY23–25E driven by new products and network expansion. Recent launches such as Hunter 350cc and Meteor 650cc along with the upcoming line-up have the potential to rev up growth in the face of higher competitive intensity," Nuvama said.