|Chennai||Rs. 25020.00 (-0.32%)|
|Mumbai||Rs. 26110.00 (0.19%)|
|Delhi||Rs. 25850.00 (0%)|
|Kolkata||Rs. 25720.00 (-0.66%)|
|Kerala||Rs. 24850.00 (-0.6%)|
|Bangalore||Rs. 25200.00 (0%)|
|Hyderabad||Rs. 25020.00 (-0.2%)|
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.