MARKET EYE-Eicher Motors shares rise on Royal Enfield hopes

Tue Nov 20, 2012 12:35pm IST

Related Topics

Stocks

   

* Shares in Eicher Motors gained 3.5 percent on hopes
of strong demand at its two-wheeler unit Royal Enfield this
festive season, dealers said.
* Macquarie initiated its coverage on Eicher Motors on Monday
with an "outperform" rating and set a target of 3,235 rupees. 
* Macquarie said it sees capacity expansion in motorcycles,
market share gain in heavy trucks and the start of production of
Volvo's medium-duty engines to be the key drivers of growth.
* Eicher has a 50-50 joint venture in India with Volvo AB
 

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS EXCLUSIVE

REUTERS SHOWCASE

Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Related Story 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Videocon d2h IPO

Videocon d2h IPO

Videocon d2h files for up to $113 million IPOs  Full Article 

Asian Economy

Asian Economy

Asian factories slow in Sept, push inflation ever lower  Full Article 

EBay Divests PayPal

EBay Divests PayPal

EBay follows Icahn's advice, plans PayPal spinoff in 2015  Full Article 

New 'Windows'

New 'Windows'

Microsoft names next operating system 'Windows 10'.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage