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Eicher Motors Share Price Target 2025: Brokerage firm Goldman Sachs is positive on the stock of Royal Enfield bike maker Eicher Motors. The brokerage firm said that the company's launch momentum offers and upside optionality have seen an uptick. The company expects more product events in the 350/450/650 cc portfolio in the next 12 months. Shares of Eicher Motors Ltd. are trading at Rs 4904 at around 2:15 pm, down Rs 60.70 or 1.22 percent from its previous close of Rs 4964.70 on Thursday.
Eicher Motors Q2 Results FY2024-25
Last week, Eicher Motors reported its financial results for the July-September quarter of 2024. Its profit in the quarter grew 8 percent year-on-year to Rs 1,100 crore, driven by robust sales across all business segments.
Its profit in the July-September quarter of the last financial year was Rs 1,016 crore. The company said that its revenue in the second quarter was the highest ever at Rs 4,263 crore, compared to Rs 4,115 crore a year ago.
Eicher Motors Share Price Target 2024
Goldman Sachs has maintained a 'BUY' rating on Eicher Motors shares while raising the target price from Rs 5400 to Rs 5900. The brokerage firm also expects growth in the export business, where margins and ASPs are better than the domestic business. At this target, it can give a profit of Rs 1000 per share.
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