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Success of new launches, margin improvement to drive Eicher Motors

September volumes were better than estimates led by the new launch Hunter 350

Topics
Eicher Motors | festive sales | Royal Enfield

Devangshu Datta 



Eicher Motors
At the current price the stock is trading at just over 29 times its FY24 earnings estimates

The stock has been on an uptrend since its lows in May and has been among the top outperformers within the with gains of 34 per cent year-to-date. Strong demand for new launches, rising exports and margin expansion expectations have led to earnings upgrades. The near term trigger for the stock, which fell 5.7 per cent on Friday, would be volume growth aided by festive season sales and response to upcoming launches.

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First Published: Mon, October 03 2022. 19:48 IST

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