The Concept KX, a V-twin Bobber concept motorcycle, was showcased by Royal Enfield at the annual trade show EICMA in Milan
Eicher Motors, on November 14, launched Continental GT 650 & Interceptor, which are large bikes from an Indian perspective.
Prabhudas Lilladher recommended Hold rating on Eicher Motors with a target price of Rs 23137 in its research report dated November 12, 2018.
We continue to exude confidence in the company on the back of its dominant position in bikes with engine displacement above 250cc and a shift in customer preference towards premium products. The recent correction have made valuations attractive
The company reported a 6 percent increase in consolidated profit after tax at Rs 548.76 crore in the second quarter ended September 30.
The company had posted a consolidated profit after tax of Rs 518.02 crore in the same quarter last fiscal.
Brokerages also expect good profits from associates to boost its financials.
Equity markets around the globe have been under pressure on account of trade war fears, interest rate hike and valuation concerns
The company had posted sales of 5,228 units in October 2017, VE Commercial Vehicles (VCEV) said in a statement.
The Royal Enfield line of bikes are the most beloved bikes in India and the news of two 650cc bikes by the company obviously set off sparks, especially considering the prices the bikes will sell at in the country.
Honda has been most vocal about its ambitions in the segment that is otherwise dominated by Royal Enfield
Stocks with a combination of fundamental factors, such as high and consistent ROCE (return on capital employed), increasing or stable operating margin, positive free cash flow and low leverage, qualify as quality stocks.
Net Sales are expected to increase by 10.3 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 2,390.6 crore, according to Prabhudas Lilladher.
Tune in to find out how Vivek Misra, Head of Fundamental Research at Karvy Stock Broking, makes stock picks in times of volatility.
Indian markets are in the midst of a correction which is likely to extend further, according to experts and hence, there will be plenty of opportunities for investors to enter into quality stocks on declines
We exude confidence in the company given its dominant position in bikes with an engine displacement of above 250cc and positive shift in customer preference towards premium products
In an interview with CNBC-TV18, Martin Lundstedt and Siddhartha Lal, Managing Director and CEO of Eicher Motors, threw light on future plans with regards to the joint venture.
"The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is expected to start soon," Eicher Motors said in a BSE filing.
Put writers indicate that the next halt could be at 10,000, a wider cut is expected if the index breaches this level on a closing basis, says Shubham Agarwal of Quantsapp
The company also notified on Tuesday that Royal Enfield's Oragadum plant resumed operations from September 29
A part of workforce at the plant was not reporting for duty since September 24
JM Financial is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 37500 in its research report dated September 26, 2018.