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

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.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: Markets today BSE Sensex Eicher Motors Nomura Jefferies ICICI Securities Eicher Motors results Eicher Motors Q2 results Eicher Motors shares Indian equities Eicher Motors share Morgan Stanley Indian stock markets Nuvama NSE Eicher Motors Q2 Nifty50 Eicher Motors share price Buzzing Stock Eicher Motors target price

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Published On: 2024-11-14 @ 10:22:15 (1 weeks ago)

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