Inline operating performance

Company
13 May 2024
5 Min read 
  • Eicher Motors' 4QFY24 results update includes changes in estimates, target price, and rating.
  •  The company's operating performance was in line with expectations.
  •  Rising competitive intensity remains a key concern for the company's future performance.
  •  Financials and valuations show a decline in estimated EPS and a revised target price.
  •  The company's management commentary highlights expectations for growth in various segments and export markets.
  •  The valuation and view suggest a downgrade to sell from neutral with a revised target price.
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