Eicher Motors share Increased by 39.28% on yearly chart and 2.78% compared to the previous day’s closing price as of June 14, 2024. The intraday high was ₹4,945.00, and the low was ₹4,801.50. The Current Price is ₹4,935.10 (as of June 14, 2024, 15:50 IST)
Short-Term Performance (as of June 16, 2024):
- 1 Day: Up 2.66%
- 5 Days: Up 3.08%
- 1 Month: Up 5.28%
Long-Term Performance:
- 3 Months (YTD): Up 22.05%
- 6 Months: Up 65%
- 1 Year: Up 39.28%
Historical Performance:
- 52-week high: ₹4,945.00
- 52-week low: ₹3,160.00
Analysts price targets for Eicher Motors:
Analysts price target for Eicher Motors Ltd. vary, but many are above the current market price, suggesting they expect the stock to rise further. Some analysts have set price targets as high as ₹6,000.
Jefferies has been notably bullish on Eicher Motors. They have consistently maintained a ‘Buy’ rating on the stock, highlighting several key factors: (Source: Mint)
- Strong Q4 results: Jefferies raised their share price target for Eicher Motors after a strong performance in Q4 2024, citing a 30% upside potential. This was based on the company’s robust financial results and positive outlook for the future.
- Growth potential in the Royal Enfield brand: They see significant growth potential in the Royal Enfield brand, especially in international markets. They believe that the brand’s premium positioning and strong demand will continue to drive sales.
- Positive outlook for the Indian auto sector: Jefferies has a positive outlook on the Indian auto sector as a whole and sees Eicher Motors as one of the key players that will benefit from this growth.
- Premium motorcycle segment growth: They expect the premium motorcycle segment to continue to grow in India, and they see Eicher Motors as well-positioned to capitalize on this trend.