The brokerage believes that the share price of Eicher Motors will fall relative to the country index over the next 30 days.

The recent correction in the stock is a good opportunity to add to positions, said the brokerage.

Royal Enfield would deliver around 12% volume CAGR in FY20-22, post around 11% decline in FY20, said Ambit.

Buy Eicher Motors Ltd. at a price target of Rs 21500.0 and a stoploss at Rs 20000 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 21850.0 and a stoploss at Rs 21250 from entry point.

Sell Eicher Motors Ltd. at a price target of Rs 21400 and a stoploss at Rs 23000 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 30500.0 and a stoploss at Rs 28750 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 29300.0 and a stoploss at Rs 28800 from entry point.

Sell Eicher Motors Ltd. at a price target of Rs 26800 and a stop loss at Rs 27850 from entry point.

Sell Eicher Motors Ltd. at a price target of Rs 28800 and a stoploss at Rs 30000 from entry point.

Sell Eicher Motors Ltd. at a price target of Rs 28,500 and a stoploss at Rs 30000 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 29750.0 and a stop loss at Rs 28500 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 29600.0 and a stop loss at Rs 28600 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 28800.0 and a stoploss at Rs 27400 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 29200.0 and a stop loss at Rs 27950 from entry point.

Buy Eicher Motors Ltd. at a price target of Rs 28000.0 and a stop loss at Rs 25700 from entry point.

Buy Eicher Motors at a price target of Rs 29,500 and a stop loss at Rs 28,000 from entry point.