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    Buy Eicher Motors, target price Rs 3150: Axis Securities

    Synopsis

    Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 78688.43 Crore) operating in Auto sector.

    Eicher Motors
    Promoters held 49.21 per cent stake in the company as of 31-Mar-2022, while FIIs owned 29.22 per cent, DIIs 9.94 per cent.
    Axis Securities has buy call on Eicher Motors with a target price of Rs 3150. The current market price of Eicher Motors is Rs 2876.9. Time period given by analyst is 4 weeks when Eicher Motors Ltd. price can reach defined target.

    Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 78688.43 Crore) operating in Auto sector.

    Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers, Spare Parts & Components, Traded Goods, Other Services, Export Incentives, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 3311.34 Crore, up 11.39 % from last quarter Total Income of Rs 2972.79 Crore and up 8.42 % from last year same quarter Total Income of Rs 3054.27 Crore. Company reported net profit after tax of Rs 556.35 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 49.21 per cent stake in the company as of 31-Mar-2022, while FIIs owned 29.22 per cent, DIIs 9.94 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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