02
Brokerage house Nuvama has upgraded the rating of Eicher Motors share from HOLD to BUY. Also, from the perspective of next 12 months, the target price has been increased from Rs 4,500 to Rs 5,500 per share. On November 13, the share price closed at Rs 4,890. Operating profit (EBITDA) in the second quarter remained flat on an annual basis. Royal Enfield’s domestic sales are expected to remain strong in the second half (H2FY25) driven by strong festive demand, focus on flagship models, new products and marketing push.
