Sell Eicher Motors, target Rs 28800: Kunal Bothra

Kunal Bothra of Independent Analyst has a sell call on Eicher Motors Ltd. with a target price of Rs 28800.0 . The current market price of Eicher Motors Ltd. is Rs 29667.2 Time period given by the analyst is Intra Day when Eicher Motors Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 30000. Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 80859.58 Crore) operating in Auto sector.

Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers which contributed Rs 7279.23 Crore to Sales Value (91.63 % of Total Sales), Spare Parts & Components which contributed Rs 634.48 Crore to Sales Value (7.98 % of Total Sales), Scrap which contributed Rs 19.01 Crore to Sales Value (0.23 % of Total Sales), Export Incentives which contributed Rs 6.25 Crore to Sales Value (0.07 % of Total Sales) and Other Operating Revenue which contributed Rs 5.09 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 2517.29 Crore, up 11.85 % from last quarter Sales of Rs 2250.65 Crore and up 34.15 % from last year same quarter Sales of Rs 1876.54 Crore Company has reported net profit after tax of Rs 365.28 Crore in latest quarter. The company’s top management includes Mr.Prateek Jalan, Mr.S Sandilya, Mr.Siddhartha Lal, Ms.Manvi Sinha. Company has Deloitte Haskins & Sells as its auditoRs As on 31-03-2018, the company has a total of 27,255,549 shares outstanding.