Buy Eicher Motors, target price Rs 4150: Motilal Oswal

has buy call on with a target price of Rs 4150. The current market price of Eicher Motors Ltd. is Rs 3360.05.
Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 92355.57 Crore) operating in Auto sector.
. key Products/Revenue Segments include Automobile – 2 Wheelers, Spare Parts & Components, Allied Products, Other Operating Revenue, Other Services, Scrap for the year ending 31-Mar-2022.

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3668.02 Crore, up 6.44 % from last quarter Total Income of Rs 3446.12 Crore and up 55.54 % from last year same quarter Total Income of Rs 2358.20 Crore. Company reported net profit after tax of Rs 612.74 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of 30-Sep-2022, while FIIs owned 29.5 per cent, DIIs 9.93 per cent.
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