Top Stocks Today : Kotak Securities has Buy call on Eicher Motors

Kotak Securities has issued a buy call on Eicher Motors, with a target price of Rs 4880, indicating a potential upside of 1.6%. The current market price of Eicher Motors is Rs 4804.1. This recommendation is based on the company's strong financials, growing market share, and potential for further growth in the future. Investors who are bullish on the auto sector may consider adding Eicher Motors to their portfolio.

About Eicher Motors:

Eicher Motors Limited (EML) is an Indian automotive manufacturer headquartered in New Delhi, India. EML manufactures and sells motorcycles, commercial vehicles, and automotive components through its subsidiaries. EML's flagship motorcycle brand is Royal Enfield, which produces premium motorcycles in the mid-size segment. EML's commercial vehicle business operates through VE Commercial Vehicles (VECV), a joint venture with Volvo Group. VECV manufactures and sells a range of trucks, buses, and construction equipment. EML also has a joint venture with Polaris Industries to manufacture and sell all-terrain vehicles (ATVs) and side-by-side vehicles (SSVs).

52 Week Price Trend:

Eicher Motors' (EICHERMOT) current market price (CMP) stands at Rs 4804.1, hovering below its 52-week high of Rs 5105. Despite the recent decline, the stock remains well above its 52-week low of Rs 3562.45. This range highlights the volatility that Eicher Motors has experienced over the past year.

Stratzy's MOST Analysis:

EICHERMOT's AAA rating from Stratzy's MOST framework signifies an exceptionally low fundamental risk. Based on the pillars of Management, Outlook, Safety, and Trend, Stratzy analyzes each stock's strengths and weaknesses. The AAA rating indicates that EICHERMOT excels in these areas, exhibiting strong management capabilities, a positive growth outlook, robust financial health, and a favorable market trend. This rating suggests that investors can have high confidence in the company's long-term stability and growth potential.

Company's Fundamentals:

Eicher Motors (NSE: EICHERMOT) currently trades with a Price-to-Earnings (PE) ratio of 30.51. This means that investors are willing to pay Rs. 30.51 for every Re. 1 of earnings per share. The Price-to-Book (PB) ratio of 6.86 indicates that the market value of the company is 6.86 times its book value, suggesting that investors perceive the company to be undervalued compared to its assets. The Dividend Yield of 1.07% represents the annual dividend paid per share relative to the current market price, offering investors a modest return on their investment.

Fundamental and Technical information provided in this blog were last updated on 20 Dec, 2024

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