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ā¢ Jefferies India has reiterated a buy rating on Eicher Motors Ltd. and raised the target price by 22 percent.
ā¢ The company expects minimal impact from recent competitive launches and anticipates a potential re-rating.
ā¢ Despite strong operating performance, Eicher Motors stock has lagged Nifty Auto Index by 18% in 2023 as competitive concerns weighed on valuations.