Sell Eicher Motors, target Rs 21400: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Eicher Motors Ltd. with a target price of Rs 21400. The current market price of Eicher Motors Ltd. is Rs 22455.25 Time period given by the analyst is Intra Day when Eicher Motors Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 23000
Eicher Motors Ltd., incorporated in 1982, is a largecap company with a market cap of Rs 61227.16 crore.

Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers which contributed Rs 8314.17 Crore to Sales Value (90.25 % of Total Sales), Spare Parts & Components which contributed Rs 853.56 Crore to Sales Value (9.26 % of Total Sales), Scrap which contributed Rs 22.15 Crore to Sales Value (0.24 % of Total Sales), Export Incentives which contributed Rs 17.58 Crore to Sales Value (0.19 % of Total Sales) and Other Operating Revenue which contributed Rs 4.35 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 2531.29 Crore, up .56 % from last quarter Sales of Rs 2517.29 Crore and up 27.09 % from last year same quarter Sales of Rs 1991.78 Crore Company has reported net profit after tax of Rs 511.89 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 30-06-2018, the company has a total of 27,266,300 shares outstanding.