Page 14 - Eicher Motors

Eicher Motors' stock premium to sustain

Volumes expected to grow upwards to 20% annually, earnings by 25%, investors need 5-year horizon

Eicher Motors rides past Bajaj Auto in market capitalisation

Eicher Motors, maker of Royal Enfield motorcycles, has overtaken Pune-headquartered Bajaj Auto in market capitalisation and become the highest valued Indian two-wheeler company. Eicher's stock rose about 2.6 per cent on Monday to a new high of of Rs 30,160 on the BSE exchange. The Gurgaon- headquartered company closed the day with a market cap of Rs 81,776 crore at the BSE, ahead of Bajaj Auto's Rs 81,242 crore. The country's largest two-wheeler maker, Hero MotoCorp, has one of Rs 72,971 crore. Eicher is a niche motorcycle maker, with significantly lower volumes than both Bajaj and Hero. Its revenue and profit is also the lowest of the three. Consolidated profit was Rs 1,667 crore in 2016-17, almost half of Hero's Rs 3,229 crore; Bajaj Auto's was Rs 4,079 crore. Yet, investors have remained bullish on Eicher, which also has a joint venture with Volvo to manufacture commercial vehicles. However, it is Royal Enfield that accounts for the lion's share in profit and drived the investors. .

Eicher Motors Q4 net up 33% at Rs 459 cr

Total income of the company rose by 24% to Rs 2,132 cr

Eicher Motors hits three-month high; stock up 10% post Q3 results

Thus far in February, the stock appreciated by 10% as compared to 2.4% rise in the S&P BSE Sensex.

Higher volume aids Eicher's outperformance

Analysts see uptick in commercial vehicle sales due to pre-buying ahead of April 1 emission deadline

Eicher Motors extends gain on strong December sales

In one-week, the stock has outperformed the market by surging 13% as compared to 2.8% rise in Sensex

Eicher Motors gains post November sales

The stock moved higher by 3.5% to Rs 22,434 after the company reported 41% YoY jump in sales at 57,313 units in November 2016.

Eicher Motors gains after good motorcycle sales in October

The stock had underperformed the market over the past 30 days till 30 October 2016

Eicher: Commercial vehicle biz hurts sentiment

The firm misses net profit estimates marginally on disappointing volume offtake of the JV with Volvo

Eicher Motors clocks record profit of Rs 413 crore at Q2

EML's consolidated income rose to Rs 1,981, up by 35%, in the second quarter of the current financial year

Eicher Q2 net up 54 per cent at Rs 396 crore

Profit surged to Rs 396 crore against Rs 257 crore in the corresponding quarter last year

Eicher Motors' motorcycles sales grow 31% in July

Two-wheeler exports also rose 40% to 1,250 units in the last month

Eicher Motors scrip jump over 6% on encouraging Q1 earnings

The automaker total income from operations stood at Rs 1,555.69 cr for the April-June quarter of FY17

Eicher Motors hits lifetime high on robust Q1 results

The stock rallied 6% to Rs 22,382, also its lifetime high on the BSE in intra-day trade.

Eicher Q1 net shoots up 69 per cent

Net profit grew to Rs 337 crore against Rs 199 crore in corresponding quarter last year

Eicher Q1 net shoots up 69 per cent

The company reported a strong EBIDTA margin of 30.2 per cent against 26.1 per cent in last year

Strong margins boost Eicher June quarter show

Higher realisations and lower raw material costs aid performance

Eicher Motors Q1 net up 59% at Rs 376.29 crore

Shares of the company closed at Rs 21,075.20 per scrip on BSE, up 3.64% from its previous close

Eicher Motors dips after block deal

The stock dipped 7% to Rs 18,380 on NSE after 1.14 million shares changed hands via block deal.

Eicher Motors promoters sell 4.2% stake at Rs 2,100 crore

The sale has been done to provide liquidity to the promoters for personal uses, such as portfolio and other investments