Eicher Motors Ltd

(EICHERMOT)

Eicher Motors Launches Goan Classic 350 Motorcycle - 23 Nov, 2024

Eicher Motors launched the Goan Classic 350 motorcycle, inspired by Goa's moto-culture, priced at INR 2,35,000 for single-tone colors. Bookings and test rides start today.

Eicher Motors Reports Strong Q3 Performance - 22 Nov, 2024

Eicher Motors reported consolidated net sales of Rs 4,263.07 crore for September 2024, up 3.61% YoY. Net profit rose 8.27% to Rs 1,100.33 crore, with EBITDA increasing by 5.92%. EPS improved to Rs 40.15 from Rs 37.13. The stock has delivered 4.48% returns over the last 6 months and 27.00% over the last year.

Goldman Sachs Upgrades Eicher Motors Target Price - 21 Nov, 2024

Goldman Sachs has upgraded Eicher Motors' target price to ₹5,900, reflecting strong product launch momentum and anticipated growth in export volumes, indicating positive market sentiment.

Eicher Motors Reports Strong Q3 Results - 20 Nov, 2024

Eicher Motors reported standalone net sales of Rs 4,205.44 crore for September 2024, a 6.99% increase year-on-year. Net profit rose 7.61% to Rs 1,009.88 crore, with EBITDA up 5.02%. EPS increased to Rs 36.85. The stock has delivered 4.34% returns over the last six months and 26.76% over the past year.

Motilal Oswal Issues Sell Call on Eicher Motors - 19 Nov, 2024

Motilal Oswal Financial Services has issued a sell rating on Eicher Motors with a target price of Rs 4,000, citing slower earnings growth and stable margins. The current market price is Rs 4,889.3, and the company reported a net profit of Rs 986.58 crore for the latest quarter.

Eicher Motors Receives Positive Outlook from Brokerages - 18 Nov, 2024

Eicher Motors shares surged following positive broker outlooks. Nuvama highlights growth potential from two-wheeler premiumisation and new product launches, while Morgan Stanley cautions about current valuations limiting upside.

Eicher Motors Remains Bullish with Upside Potential - 17 Nov, 2024

Eicher Motors is showing a bullish trend, outperforming Nifty and Nifty Auto. A sustainable move above Rs 5,020 could trigger a breakout, potentially leading to a rally towards Rs 5,200.

Eicher Motors Faces Mixed Market Signals - 15 Nov, 2024

Eicher Motors' stock experienced a nearly 7% increase following positive Q2 earnings, but concerns arise over potential exclusion from Nifty 50 and margin pressures, prompting a 'Sell' recommendation from Motilal Oswal.

Eicher Motors Reports Strong Q2 Earnings, Stock Surges - 14 Nov, 2024

Eicher Motors reported an 8.3% increase in Q2 net profit to Rs 1,100 crore, prompting an almost 8% rise in stock price. Analysts are optimistic about the company's strategic shift towards growth, despite concerns over increased marketing spend impacting margins.

Eicher Motors Reports Strong Q2 Earnings Growth - 13 Nov, 2024

Eicher Motors announced an 8.3% increase in Q2 profit to Rs 1,100 crore, with revenue rising 3.6% to Rs 4,263 crore. The company sustained momentum in both Royal Enfield and VE Commercial Vehicles, launching new models and entering the electric mobility market.

Eicher Motors Q2 Earnings Preview Shows Growth - 12 Nov, 2024

Eicher Motors is set to announce Q2 FY25 results on November 13, with expectations of a 5.3% profit increase and 8.7% revenue growth, driven by exports and higher average selling prices. However, flat sales volumes for Royal Enfield may pose challenges.

Eicher Motors Q2 Preview Shows Positive Growth Prospects - 11 Nov, 2024

Eicher Motors is expected to report a 12.4% revenue increase and a 17% rise in net profit for Q2 FY25, driven by strong exports and improved product mix. Despite lower domestic sales, higher average selling prices and steady EBITDA margins are anticipated. Analysts suggest that any surprises could significantly impact stock performance.

Eicher Motors Launches Electric Motorcycle Brand Flying Flea - 05 Nov, 2024

Eicher Motors, through Royal Enfield, enters the electric vehicle market with the Flying Flea brand. The Flying Flea C6 electric motorcycle will launch in early 2026, initially targeting developed markets. Eicher Motors shares rose nearly 2% following the announcement, reflecting positive investor sentiment towards the company's EV strategy and significant investments in R&D and manufacturing infrastructure.

Eicher Motors Reports Strong Motorcycle Sales Growth - 04 Nov, 2024

Eicher Motors achieved record motorcycle sales of 110,574 units in October 2024, a 30.96% increase year-on-year, despite a 5% decline in commercial vehicle sales. The company's market cap fell by ₹3,576 crore due to broader market pressures.

Eicher Motors Reports Mixed Sales Performance - 01 Nov, 2024

Eicher Motors saw a 31% increase in Royal Enfield motorcycle sales in October, while total sales through its joint venture declined by 5%. Domestic truck and bus sales fell 6.6%, but exports surged by 49.3%.

Eicher Motors Anticipates Strong October Sales Growth - 31 Oct, 2024

Eicher Motors, particularly Royal Enfield, is expected to report strong sales numbers for October, marking positive double-digit growth as inventory builds for the festive season.

Eicher Motors Hits Highest Level Since October - 29 Oct, 2024

Eicher Motors Ltd. was the only stock in the Nifty Auto index trading positively, gaining 2.31% to Rs 4,829.35, marking its highest level since October 21.

Royal Enfield Teases New Interceptor Bear 650 Model - 28 Oct, 2024

Royal Enfield has teased the upcoming Interceptor Bear 650, expected to debut at EICMA on November 4. The bike features a 648cc engine and a new design, enhancing the brand's presence in the market.