Eicher Motors Ltd News
Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged
SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.
 "Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged")
Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile
Selective stocks like Bharat Petroleum Corporation, Divi's Laboratories, Hindalco Industries, Hero MotoCorp and State Bank of India, the technical charts are reflecting clear weakness.
 "Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile")
Eicher Motors rallies 5% on better than expected Q3 earnings
Management commentary suggests some raw material decline benefits along with price hike to come in effect from Q4FY23 onwards amid robust demand for its product profile .
 "Eicher Motors rallies 5% on better than expected Q3 earnings")
Eicher Motors Q3 results: Profit rises 62.4% on higher motorcycle
Total expenses rose 24.4% to 30.06 billion rupees, led by a 39% increase in the cost of raw materials and components
 "Eicher Motors Q3 results: Profit rises 62.4% on higher motorcycle")
Stocks to Watch: Adani Ent, Adani Green, HDFC, Maruti Suzuki, Insurance
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
 "Stocks to Watch: Adani Ent, Adani Green, HDFC, Maruti Suzuki, Insurance")
Auto shares in focus ahead of January sales; M&M up 2%, nears record high
Analysts remain positive on the auto sector given the expectation of double digit volume growth coupled with benign commodity price outlook leading to healthy margin recovery.
 "Auto shares in focus ahead of January sales; M&M up 2%, nears record high")
Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma
Stocks to Watch: Elin Electronics to debut today, the stock is likely to list on a quiet note.
 "Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma")
EV push: Eicher Motors to pick 10.35% stake in Spain-based Stark Future
Stark Future recently launched its first high performance electric motocross bike, the Stark VARG
 "EV push: Eicher Motors to pick 10.35% stake in Spain-based Stark Future")
Volume growth, weak mix likely to impact Eicher Motors' margins
Muted domestic demand and margin pressure may weigh on the stock
 "Volume growth, weak mix likely to impact Eicher Motors' margins")
Auto shares trade weak post November sales; Eicher, M&M down up to 3%
M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.
 "Auto shares trade weak post November sales; Eicher, M&M down up to 3%")
Eicher Motors dips 5% on profit booking post firm September quarter results
The management also indicated at expansion in gross margins in coming quarters as input cost normalises with no production constraint as this point in time
Eicher Motors Q2 results: Net profit rises 76% to Rs 657 cr, revenue up 56%
Eicher Motors recorded a 56 per cent increase in revenue from operations at Rs 3,519 crore
 "Eicher Motors Q2 results: Net profit rises 76% to Rs 657 cr, revenue up 56%")
TVS, Eicher Motors may be the best bets among two-wheeler stocks; check why
On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.
