Eicher Motors Ltd (EICHERMOT)

Eicher Motors Receives Buy Rating from Sharekhan; Forms Fleet Management Solutions JV - 16 May, 2024

Eicher Motors receives a 'Buy' rating from Sharekhan with a revised price target of Rs. 5307 due to its leadership position in the premium motorcycle segment and rising premiumization. Additionally, VECV forms a joint venture with iTriangle Infotech to develop and deliver fleet management solutions.

Eicher Motors' Subsidiaries Make Strategic Moves - 15 May, 2024

Eicher Motors' subsidiary VE Commercial Vehicles has entered into a joint venture with iTriangle Infotech. Meanwhile, Royal Enfield is focusing on developing its own electric motorcycles and will not be seeking acquisitions in the e-motorcycle business.

Mixed Outlook for Eicher Motors Amidst Increased Competition - 14 May, 2024

Eicher Motors' revenue growth rate is expected to maintain its pace amidst increased competition. Prabhudas Lilladher upgraded the stock's rating to BUY while Motilal Oswal reduced earnings-per-share estimates.

Eicher Motors Shares Decline Despite Good Q4 Results - 13 May, 2024

Eicher Motors reports an 18% increase in consolidated profit after tax for Q4 FY24. However, the stock declines by 3% due to concerns raised by several brokerages regarding its bleak prospects. Jefferies maintains a buy call on the stock.

Eicher Motors Q4 Net Profit Up 18.2% - 12 May, 2024

Eicher Motors reported a consolidated net profit of Rs 1,070 crore for Q4 FY2023-24, up by 18.2% YoY. The company's total revenue rose by 11.87% to Rs 4,256 crore during the quarter under review. Royal Enfield recorded sales of 227,925 motorcycles, up by 6.17% from the same period last year. For the financial year ended March 31, 2024, Eicher Motors' net profit grew by 37.31% to Rs 4,001 crore. The Board recommended a final dividend aggregating to Rs 1,396.41 crore at Rs 51 per share.

Eicher Motors Reports Strong Q4 Results, Recommends Highest Ever Dividend Per Share - 11 May, 2024

Eicher Motors reports strong Q4 FY24 results with total revenue of INR 4,256 crore and PAT of INR 1,070 crore. The company also recommends its highest ever dividend per share of INR 51. Analysts project further upside for the stock, which has broken out of a consolidation range. Growing competition in the middleweight motorcycles segment has expanded the market and increased focus on the premium motorcycles segment.

Eicher Motors Expected to Report Strong Q4 Results - 10 May, 2024

Eicher Motors is set to release its Q4 financial results for the fiscal year 2023-24. Analysts expect a positive set of numbers driven by increased sales volumes, higher ASPs, new launches, and benign commodity costs.

Overview of Eicher Motors Ltd - 08 May, 2024

Eicher Motors Limited is a leading manufacturer of commercial vehicles, including trucks and buses under the Eicher brand. It also has exclusive distribution rights for Volvo Trucks in India, engine manufacturing and export services for the Volvo Group, non-automotive engine operations, and the Eicher component business.

Mixed Sales Results for Eicher Motors Ltd in April 2024 - 02 May, 2024

Eicher Motors reported mixed results for April 2024 with Royal Enfield sales up 12% YoY but below estimates, while VECV's commercial vehicle sales decreased by 18.1% YoY. Domestic truck and bus sales also fell 20% YoY.

Eicher Motors Sales Decline in April - 01 May, 2024

Eicher Motors reports an 18.1% YoY decline in total sales to 5,377 units in April 2024, with domestic commercial vehicle sales dropping from 6,142 to 4,898 units.

Auto Sector Bullish Flag and Pole Formation Breakout - 29 Apr, 2024

The Auto sector is showing a bullish trend with flag and pole formation breakouts, including Eicher Motors/ Escorts strong momentum. Tata Motors/Tata Motors DVR are on the verge of a symmetrical triangle breakout.

Eicher Motors Stock Shows Strong Outperformance - 18 Apr, 2024

Eicher Motors stock is outperforming the Nifty Auto index and has given a Stage-2 Cup pattern breakout on a weekly scale. The breakout is supported by significant trading volume, indicating strong buying interest from market participants. Continued buying activity suggests potential sustainability.