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ā¢ Prabhudas Lilladher has recommended an accumulate rating on Eicher Motors with a target price of Rs 3800.
ā¢ Eicher Motors' 2QFY24 consol. EBITDA margin came in above expectations, aided by lower commodity prices and price hikes.
ā¢ The company's focus on new product launches, increasing export revenue mix, and higher mix of spares and merchandise revenue should aid both revenue growth and margin expansion.