Buy Eicher Motors, target price Rs 3150: Axis Securities

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.