Buy Eicher Motors, target price Rs 5950: Hem Securities

Hem Securities has buy call on Eicher Motors with a target price of Rs 5950. The current market price of Eicher Motors Ltd. is Rs 4921.

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 134592.59 Crore) operating in Auto sector.

Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers, Spare Parts & Components, Allied Products, Export Incentives, Other Operating Revenue, Other Services and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 4675.00 Crore, up 2.50 % from last quarter Total Income of Rs 4561.19 Crore and up 10.53 % from last year same quarter Total Income of Rs 4229.58 Crore. Company has reported net profit after tax of Rs 926.90 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 49.11 per cent stake in the company as of 30-Jun-2024, while FIIs owned 28.81 per cent, DIIs 11.68 per cent.