EICHER MOTORS: Above our estimate; beat driven by higher realization (EIM IN, Mkt Cap USD9.3b, CMP INR2522, TP INR3250, 29% Upside, Buy) EIM's beat in performance was driven by growth in RE realization and lower staff cost. With supply chain issues showing some signs of improvement, it expects volume performance to be better in 2HFY22. Export focus and revenue from accessories are helping RE improve its realization. We cut our FY22E consolidated EPS by 5% to account for lower volumes in ...
EICHER MOTORS (IN), a company active in the Commercial Vehicles & Trucks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 9, 2021, the closing price was INR 2,592.70 and...
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