|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
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.