Second half likely to be better supported by a host of factors
Despite fluctuations in the domestic market, Eicher Motors' international business remained resilient, posting a 12% growth with sales totaling 7,479 units, compared to 6,666 units YoY.
The 2W segment has been facing several headwinds over the last three years
Eicher’s commericial vehicle sales jumped to 7,198 units in September, up 8.6 percent from the same month of the previous year
Market forces are expected to drive strong volume and margin growth. The Street expects strong demand growth across categories, thanks to the low-base effect, product launches and an improving economy
Supply-chain constraints are easing and demand momentum remains strong
Auto majors hit a speed bump in the month of September 2018 and posted a mixed bag on numbers on the back multiple factors such as delayed festive season, floods in Kerala and increasing cost of total ownership on the back to rising interest rate, fuel prices and insurance cost.
Investors can safely park their money in stocks which are likely to get less impacted by fluctuation in interest rate movement, suggest experts
Tata Motors is the stock of the morning after Jaguar Land Rover margins disappointed, coming in at multi-quarter lows. In an interview to CNBC-TV18, Basudeb Banerjee of Antique Stock Broking shared his reading and outlook on the same as well as on Eicher Motors.
The company had posted a net profit of Rs 376.29 crore during the April-June quarter a year-ago, Eicher Motors said in a BSE filing.
For SAMVAT 2072, AB Money recommends a portfolio of 15 quality businesses/companies, which are mix of cyclicals, new emerging sectors and consumption with strong earnings growth momentum. Expect these stocks to deliver returns in the range of 20-25% over next 6-12 months, says the report.
Banking, financial, auto, pharma, liquor and paints sectors will be getting astrological support says Satish Gupta of Astrostocktips.
Two-wheeler sales in India may have hit speed bumps last few months, demand for Royal Enfield, which is known for making iconic motorcycles like Classic Chrome and Bullet, continues to accelerate.
The US markets closed higher amidst thin, choppy session, but ongoing worries over the Euro zone crisis limited gains. Both the Dow and S&P 500 clocked gains, but lacklustre action among tech stocks left the Nasdaq to end narrowly above the neutral line.
Invest in Eicher Motor, says Shrikant Chouhan, VP Technical Research of Kotak Securities.
On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Shrikant Chouhan, VP Technical Research of Kotak Securities and Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Stocks in news: Aban Offshore | TCS | Eicher Motor | Hero Honda | Jindal Steel | Compact Disc | Kale Consultants | Kesoram Inds | Kanoria Chemicals | ITI | Essar Ports | Tata Steel and LE Waterina are the stocks that are in news today.
Emkay Global Financial Services is bullish on Eicher Motor and has recommended accumulate rating on the stock with a target of Rs 1505 in its May 9, 2011 research report.