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Buy Eicher Motors, target Rs 22,000 Kunal Bothra

Buy Eicher Motors Ltd. at a price target of Rs 22000.0 and a stoploss at Rs 20600 from entry point.

ETMarkets.com|
Updated: Dec 11, 2019, 08.51 AM IST
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Independent analyst Kunal Bothra has a buy call on Eicher Motors Ltd. with a target price of Rs 22,000. The current market price of Eicher Motors Ltd. is Rs 21,248.75. 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 20600.

Eicher Motors Ltd., incorporated in 1982, has a market cap of Rs 58018.78 crore.

Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers which contributed Rs 8692.07 Crore to Sales Value (88.74 % of Total Sales), Spare Parts & Components which contributed Rs 602.03 Crore to Sales Value (6.14 % of Total Sales), Traded Goods which contributed Rs 421.06 Crore to Sales Value (4.29 % of Total Sales), Other Operating Revenue which contributed Rs 33.30 Crore to Sales Value (0.33 % of Total Sales), Scrap which contributed Rs 24.99 Crore to Sales Value (0.25 % of Total Sales) and Export Incentives which contributed Rs 21.03 Crore to Sales Value (0.21 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2171.54 Crore, down -8.03 % from last quarter Sales of Rs 2361.24 Crore and down -9.34 % from last year same quarter Sales of Rs 2395.22 Crore Company has reported net profit after tax of Rs 564.39 Crore in latest quarter. The company’s top management includes Mr.Inder Mohan Singh, Mr.S Sandilya, Mr.Siddhartha Lal, Mr.Vinod Aggarwal, Mr.Vinod K Dasari, Ms.Manvi Sinha. Company has S R Batliboi & Co. LLP as its auditors .As on 30-09-2019, the company has a total of 27,289,722 shares outstanding.

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