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Sell Eicher Motors, price target Rs 19,500: Chandan Taparia

The analyst suggested a stoploss at Rs 21700

ETMarkets.com|
Updated: Dec 09, 2019, 08.27 AM IST
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Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 57138.89 Crore) operating in Auto sector.
Chandan Taparia of Motilal Oswal Securities has a sell call on Eicher Motors Ltd. with a target price of Rs 19500.0 . The current price of Eicher Motors Ltd. is Rs 20926.5 . Chandan Taparia recommended to keep a stoploss at Rs 21700 .

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 57138.89 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.

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