Buy Eicher Motors, target price Rs 3340: Emkay Global

Emkay Global has buy call on Eicher Motors Ltd. with a target price of Rs 3340. The current market price of Eicher Motors is Rs 2956.2. Time period given by analyst is one year 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 80889.49 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.