Eicher Motors share price: Buy Eicher Motors, target price Rs 3100: Emkay

Emkay Global Financial Services has a buy call on Eicher Motors Ltd. with a target price of Rs 3100. The current price of Eicher Motors Ltd. is Rs 2424.5.

Eicher Motors Ltd., incorporated in the year 1982, is a Large-Cap company (with a market cap of Rs 66203.73 Crore) operating in Auto sector.

Eicher Motors Ltd. key Products/Revenue Segments include Automobile – 2 Wheelers, Spare Parts & Components, Traded Goods, Other Services, Export Incentives, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.



Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 2358.20 Crore, up 12.49 per cent from last quarter Total Income of Rs 2096.32 Crore and up 5.58 per cent from last year same quarter Total Income of Rs 2233.58 Crore. Company has reported net profit after tax of Rs 363.38 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 49.22 per cent stake in the company as of 30-Sep-2021, while FIIs owned 30.28 per cent, DIIs 8.65 per cent.

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