In the last year, investors have received gains of 73% and 24% from Eicher Motors and TVS Motor Company, respectively, while shares of Hero MotoCorp have decreased by 3%. Have these auto stocks been added to your portfolio?
Brokerages of Eicher Motors, TVS Motor, and Hero MotoCorp at a Glance, Shares of Eicher Motors
The management of Eicher Motors believes that domestic demand is stable and anticipates that the next phase of development will be driven by Hunter’s ramp-up in Tier-3 and smaller towns, according to a research note from the brokerage firm Motilal Oswal Financial Services.
At the stock’s present market levels, the brokerage has set a target price of Rs. 3,625 and recommended that investors “Buy” the shares.
“EIM is seeing a seasonal dip in export markets, but it anticipates growth through expanding its portfolio and its connections abroad. EIM continues to release new products to meet demand in global markets and provide RE owners in India with upgrade options “The message said.
The brokerage thinks there are levers to enhance margins in the short term, even though the emphasis is still on profit growth rather than profitability.
Shares of Hero MotoCorp have a “Poor” rating from Kotak Institutional Equities for the next 12 months at fair value 2,600.
VP-Research at Globe Capital Markets, Himanshu Gupta, advises investors to steer clear of Hero MotoCorp stock.
Considering the current price, traders may continue to watch for a new breakout in this stock for a while, according to Ganesh Dongre, Senior Manager – Technical Research Analyst at Anand Rathi Shares & Stock Brokers. We suggest they wait and keep an eye on this stock. Encourage watching. The moment being.”
TVs’ market share As the two- and three-wheeler manufacturer is ideally positioned to profit from the industry-wide rebound in the two-wheeler category, Jefferies is bullish on TVS Motor Company.
Jefferies has assigned TVS a “Buy” rating and a target price of $1550 per share.
Kotak, meanwhile, has targeted 830 in a year and recommended for a “Sell” on TVS.
O2help does not necessarily agree with the opinions or suggestions made above by different analysts or brokerage firms.
Also Read:
