Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
12,086.70114.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Eicher Motors, target price Rs 22,650: Shrikant Chouhan

Shrikant Chouhan recommended to keep stoploss at Rs 21100.

ETMarkets.com|
Updated: Nov 15, 2019, 09.21 AM IST
0Comments
Getty Images
Buy-Sell-Getty-1200
Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 58861.06 Crore) operating in Auto sector.
Shrikant Chouhan of Kotak Securities Limited has buy call on Eicher Motors Ltd. with a target price of Rs 22650.0 . The current market price of Eicher Motors Ltd. is Rs 21568.95 Shrikant Chouhan recommended to keep stoploss at Rs 21100
Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 58861.06 Crore) operating in Auto sector.

Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers which contributed Rs 8692.07 Crore to Sales Value (88.74 % of Total Sales), Spare Parts & Components which contributed Rs 602.03 Crore to Sales Value (6.14 % of Total Sales), Traded Goods which contributed Rs 421.06 Crore to Sales Value (4.29 % of Total Sales), Other Operating Revenue which contributed Rs 33.30 Crore to Sales Value (0.33 % of Total Sales), Scrap which contributed Rs 24.99 Crore to Sales Value (0.25 % of Total Sales) and Export Incentives which contributed Rs 21.03 Crore to Sales Value (0.21 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2171.54 Crore, down -8.03 % from last quarter Sales of Rs 2361.24 Crore and down -9.34 % from last year same quarter Sales of Rs 2395.22 Crore Company has reported net profit after tax of Rs 564.39 Crore in latest quarter. The company’s top management includes Mr.Inder Mohan Singh, Mr.S Sandilya, Mr.Siddhartha Lal, Mr.Vinod Aggarwal, Mr.Vinod K Dasari, Ms.Manvi Sinha. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 27,289,722 shares outstanding.

Also Read

Buy Siemens, price target Rs 1,560: Shrikant Chouhan

Buy Lupin, price target Rs 785: Shrikant Chouhan

Buy Britannia Industries, price target Rs 3,250: Shrikant Chouhan

Buy Vedanta, target Rs 153: Shrikant Chouhan

Buy JSW Energy, price target Rs 80: Shrikant Chouhan

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service