Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 70957.97 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2953.30 Crore, up 32.22 % from last quarter Total Income of Rs 2233.58 Crore and up 17.86 % from last year same quarter Total Income of Rs 2505.71 Crore. Company reported net profit after tax of Rs 501.21 Crore in latest quarter.
Investment Rationale
The stock has been trading in an Ascending triangle and the failure of the same chart pattern is seen on a daily scale.
Promoter/FII Holdings
Promoters held 49.3 per cent stake in the company as of Sept 30, 2020, while FIIs held 28.2 per cent, DIIs 9.9 per cent and public and others 12.7 per cent.
