Brokerages mixed on Eicher Motors after Q2 results; stock jumps 8%

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Brokerages mixed on Eicher Motors after Q2 results; stock jumps 8% - Business Standard

Quick Summary:

However, the company’s margin squeezed 90 basis points (bps) to 25.5 per cent from 26.4 per cent in the previous year.

Brokerages on Eicher Motors: Both domestic and international brokerages showed optimism about Eicher Motors, the parent company of Royal Enfield, after its announcement of the Q2FY25 financial results on Tuesday, November 13.

We have cut our FY25/26E EPS by about 2 per cent to factor in lower margins led by higher marketing expenses.