India's Eicher Motors jumps 7% after Q2 results; 'toughest phase' behind it, say analysts
(Reuters) -Shares of India's Eicher Motors jumped 7% on Thursday, set for their best day in a year, after the motorcycle maker's better-than-expected quarterly profit indicated, according to analysts, that the toughest phase of competition was over.
India's Eicher Motors jumps 7% after Q2 results indicate end of intense competition
Shares of India's Eicher Motors jumped 7% on Thursday, set for their best day in a year, after analysts said its second-quarter results indicated that the toughest phase of competition for the 'Royal Enfield' motorcycle manufacturer was now behind it.
Brokerages mixed on Eicher Motors after Q2 results; stock jumps 8%
Japan-based brokerage Nomura has upgraded Eicher Motors to a 'Neutral' rating from 'Reduce' and raised its target price from Rs 4,102 to Rs 4,391
Eicher Motors shares in focus after Q2 earnings seen steady
Eicher Motors recorded a standalone net profit of Rs 1010 crore in the second quarter of 2024. Revenue rose to Rs 4,205 crore. Royal Enfield sold 2.25 lakh motorcycles. The company launched two electric motorcycle models under the brand Flying Flea.
India's Eicher Motors jumps 8%; Royal Enfield rides past its 'toughest phase', say analysts
India's Eicher Motors was on course for its best day since mid-2020, after the Royal Enfield motorcycle maker posted a quarterly profit beat, which analysts said indicated that the "toughest phase" of competition was over.
Eicher Motors leads rise in Indian shares
India's benchmark Nifty 50 index is set to open marginally higher on Thursday after sinking into correction territory in the ...
Eicher Motors gain over 8% post Q2 earnings; Jefferies gives a 'buy' on signs of revival in RE volumes
Brokerage firm Jefferies remarked that it sees the toughest phase of competition now behind and amid better volumes has given ...
Brokerages optimistic on Eicher Motors’ strategic shift, forecast stronger growth; stock soars 8%
Despite muted sales growth for Royal Enfield, brokerages anticipate a rebound in the second half of FY25, backed by a change ...
The Eicher family finally turns on the coal stove in response to chilly and rainy days
With November comes cooler weather and the Eicher family begins to get ready for winter. Joe started the coal stove and of ...
Eicher Motors shares rise over 8% post earnings announcement
Shares of Eicher Motors on Thursday jumped over 8 per cent after the firm said its consolidated profit after tax increased 8 ...
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Eicher Motors Shares Surge 8% on Strong Earnings
Eicher Motors shares jumped over 8% on Thursday after the company reported an 8% increase in consolidated profit for the ...
Buy Eicher Motors; target of Rs 5299 Prabhudas Lilladher
Prabhudas Lilladher is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 5299 in its ...