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    Sell Eicher Motors, target Rs 14,300: Shubham Aggarwal

    Synopsis

    Sell Eicher Motors Ltd. at a price target of Rs 14300.0 and a stoploss at Rs 16300 from entry point.

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    Shubham Aggarwal of Quantsapp Advisory has a sell call on Eicher Motors Ltd. with a target price of Rs 14300. The current market price of Eicher Motors Ltd. is Rs 15525.7 Time period given by the analyst is Intra Day when Eicher Motors Ltd. price can reach the defined target. Shubham Aggarwal recommended to keep stoploss at Rs 16300. Eicher Motors Ltd., incorporated in 1982, has a market cap of Rs 42368.01 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 30-06-2019, the company has reported a Consolidated sales of Rs 2361.24 Crore, down -4.00 % from last quarter Sales of Rs 2459.68 Crore and down -6.72 % from last year same quarter Sales of Rs 2531.29 Crore Company has reported net profit after tax of Rs 430.92 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 30-06-2019, the company has a total of 27,288,952 shares outstanding.
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