Buy Eicher Motors, price target Rs 20,300 Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on Eicher Motors Ltd. with a target price of Rs 20300.0 . The current price of Eicher Motors Ltd. is Rs 19304.5 Time period given by the analyst is Intra Day when Eicher Motors Ltd. price can reach defined target. . Jay Thakkar recommended to keep a stoploss at Rs 18790 .

Eicher Motors Ltd., incorporated in 1982, has a market cap of Rs 52711.85 crore. 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 31-12-2019, the company has reported a Consolidated sales of Rs 2350.45 Crore, up 8.24 % from last quarter Sales of Rs 2171.54 Crore and up .95 % from last year same quarter Sales of Rs 2328.25 Crore Company has reported net profit after tax of Rs 482.13 Crore in latest quarter.


The company’s top management includes Mr.Prateek Jalan, Mr.S Sandilya, Mr.Siddhartha Lal, Ms.Manvi Sinha. Company has S R Batliboi & Co. LLP as its auditors As on 31-12-2019, the company has a total of 27,304,562 shares outstanding.