Eicher Motors- Jefferies sees 22% upside potential; retains Buy with target at Rs 4150
时间:2024-06-26 15:34:26 阅读(143)
Jefferies has retained a ‘Buy’ rating for Eicher Motors with a revised price target of Rs 4,150. This revised target sees a 22% upside target. The share price of Eicher Motors soared nearly 4% intra-day following this upside revision. “We believe time is ripe to buy EIM given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports. We retain Buy and now prefer TVSL/Eicher over Bajaj Auto/HMCL in two-wheelers,” Jefferies explained in the report.
Eicher Motors’ market capitalization stands at 95,346.93 crore on the NSE. The P/E ratio is 29.95, and the dividend yield is 1.05. The stock price of Eicher Motors gained 1.4% in the last one week, 4.2% in the last one month and a whopping 19.6% in the last 6 months, while it fell 5.7% in the last one year. The stock hit its 52-week high of Rs 3,889.65 on November 1, 2022, while it hit a 52-week low of Rs 2,836 on March 28, 2023, on the NSE.
“We retain Buy on Eicher with revised PT of Rs 4,150 (earlier Rs 4,000), valuing RE at 25x FY25E PE (earlier 24x) and commercial vehicle business at 5.5x FY25E PB. We see potential for RE multiples to expand if it is able to largely protect its market share in the ongoing most-formidable phase of competition,” said the report.
上一篇:India’s food imports at $33 billion in 2023, down 10% on year
下一篇:Will Sensex, Nifty extend up-move today- 5 things to know before opening bell
猜你喜欢
- Nifty to fall below 18000 or bulls to stage a comeback- 7 key things to know before market opening bell
- Nifty to continue trading weak below 17350, Bank Nifty needs to regain 37000 for up-move
- IT midcaps witness BFSI-led growth as larger peers take a hit
- Relief for telcos as caller ID display proposal dropped in Telecom Bill
- Nifty opens below 17900, Sensex falls 250 pts on Wed, Feb 15; Adani Ent shares rise, Vodafone Idea stock falls
- Ipo News- Jyoti CNC Automation IPO fully subscribed within hours of opening; ends with 2
- Nifty showing failure to sustain above 19500 could open selling pressure; buy these stocks for short-term gains
- Reliance Jio arm to buy optical fibre cables worth Rs 124 crore from HFCL
- Nifty to defend 20,000 or fall in trade- See GIFT Nifty, FII data, crude, F&O ban, more before market opens