Buy Eicher Motors, target Rs 22,500: Vaishali Parekh

Vaishali Parekh of Prabhudas Lilladher has a buy call on Eicher Motors with a target price of Rs 22,500.

The current market price of Eicher Motors is Rs 20,842.40.

Time period given by the analyst is two weeks when Eicher Motors price can reach the defined target.


Vaishali Parekh recommended keeping a stop loss at Rs 20,000.

"The stock has maintained a good base near Rs 20,000 and currently has moved past the significant 50-DMA moving average to indicate strong bias and has the potential to rise further in the coming days. The RSI has indicated trend reversal to signal a buy and with good volume participation witnessed, we recommend a buy in this stock for an upside target of 22,500 keeping a stop loss of 20,000," said Parekh.

Eicher Motors, incorporated in the year 1982, is a largecap company (having a market cap of Rs 57,191.34 crore) operating in the auto sector.