Motilal Oswal is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 34764 in its research report dated 7 February 2018.
Motilal Oswal's research report on Eicher Motors
Consolidated revenue grew 23.7% YoY to ~INR22.7b (est. of INR22.1b), with EBITDA growth of 23% YoY to INR7.1b (est. of INR6.9b). However, higher depreciation and lower other income restricted PAT to INR5.2b (+25% YoY; est. of INR5.5b).
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