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Eicher Motors: Any soft patch an opportunity to accumulate

Though the second wave poses challenges in terms of demand, the outlook for Eicher Motors is positive driven by the pent-up demand for bikes post COVID

May 28, 2021 / 11:29 AM IST
Eicher Motors: Any soft patch an opportunity to accumulate

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Eicher Motors (EML) (CMP: Rs 2,610.8 Mcap: Rs 71,250 crore) has posted a strong set of numbers for the final quarter of FY21 as demand picked up significantly. The company’s bike and commercial vehicle segments saw a sharp improvement over last year’s numbers albeit on a small base of the corresponding quarter of last year. Though the second wave of Covid poses challenges in terms of demand, the outlook for the company is positive driven by the pent-up demand for...

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