|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
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.