Today, we are going to estimate the Eicher Motors Share Price Target 2024 to 2050 Long Term Prediction. Eicher Motors is listed on the NSE under the symbol “EICHERMOT” and on the BSE with the code “505200“. let’s analyze the future of Eicher Motors shares as well, including whether it’s a good time to buy or sell them today.
Additionally, we will also take into analysis Eicher Motors Share Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation at the end of the article.
Profile of Eicher Motors
| Name | Eicher Motors Limited |
| Industry | Automotive |
| Founded | 1948 |
| Services | Manufacturing of motorcycles and commercial vehicles |
| Products | Commercial vehicles, Motorcycles (Royal Enfield) |
| Country | India |
| Website | eicher.in |
| Profile | Eicher Motors |
Keep an eye on Eicher Motors’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Eicher Motors’s stock price.
Brokerage Firms
An effective method for evaluating the Eicher Motors share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on Eicher Motors.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 14 FEB 2024 | HDFC Securities | 3597.00 | Sell |
| 14 FEB 2024 | Axis Direct | 4250.00 | Buy |
| 13 FEB 2024 | BOB Capital Markets Ltd | 4045.00 | Neutral |
| 20 NOV 2023 | Geojit BNP Paribas | 4333.00 | Buy |
| 13 NOV 2023 | HDFC Securities | 3407.00 | Sell |
| 13 NOV 2023 | Axis Direct | 3920.00 | Buy |
| 11 NOV 2023 | Prabhudas Lilladhar | 3800.00 | Accumulate |
The financial services firm HDFC Securities published the latest research report on Eicher Motors’s Share Price Target, assigning a ‘Sell’ rating with a share price target of Rs. 3,597 from its current market price of Rs. 3,854 as of 13 Feb 2024.
Royal Enfield’s Q3 PAT stood at INR 9.1 billion, surpassing the estimated INR 8.1 billion, largely due to a better realization and higher EBITDA margin of 27.5%, which exceeded the anticipated 26.6%. Additionally, VECV witnessed a substantial improvement in its margins, with a 140 basis points increase year-on-year and a 20 basis points increase quarter-on-quarter, reaching 8%. This improvement propelled its overall PAT to INR 2.11 billion from INR 1.16 billion year-on-year, supported by strong volume growth and margin expansion.
Despite these positive results, concerns have been raised regarding the competitive landscape in the 250–500cc sector, where Royal Enfield operates. The entry of Harley Davidson in collaboration with Hero MotoCorp and Triumph in collaboration with Bajaj Auto, with models priced competitively, has intensified competition. Analysts suggest that if these competitors manage to capture even 10% of Royal Enfield’s volumes over the next 6-9 months, it could constrain the future growth potential of Royal Enfield.
In response to this heightened competition, Eicher Motors is expected to reassess its pricing and brand strategy promptly, which could potentially lead to margin pressure. Furthermore, geopolitical challenges have disrupted export momentum in the near term. Eicher Motors also has plans to introduce 20-24 new models in the medium term, which might result in higher marketing spending, further impacting margins.
Despite the company’s strong performance in the quarter, analysts have reiterated a “REDUCE” rating on Eicher Motors stock, revising the price target to INR 3,597 from INR 3,407, considering the aforementioned factors and rolling forward to March 26 earnings.
In addition to financial performance, the company provided insights into its future strategies during the earnings call. Royal Enfield launched two new models, the Himalayan 450cc and the Shotgun 650, aiming to capture growth opportunities in the middleweight motorcycling segment. VECV announced its entry into the Small Commercial Vehicle segment with an Electric-First offer, slated for availability from CY25. The recently launched Bullet 350cc on the J-platform has received positive market feedback. However, the company acknowledged the impact of adverse global macro conditions and emphasized the importance of cautious retail management in key export markets.
Eicher Motors also introduced initiatives such as ‘Re-own’ for buying or selling pre-owned Royal Enfield motorcycles and ‘Assured Buyback’ to reduce ownership costs and entry barriers for customers. These measures reflect the company’s commitment to adapting to evolving market dynamics while enhancing customer experience.
Long-Term Prediction
To analyze the Eicher Motors Share Price Target prediction, I will employ technical analysis and machine learning models, specifically focusing on chart patterns, market trends, and historical performance data.
| Eicher Motors Share Price Target 2024 | |
| Minimum Target | Maximum Target |
| ₹3,700 | ₹4,200 |
| Eicher Motors Share Price Target 2025 | |
| Minimum Target | Maximum Target |
| ₹3,800 | ₹4,400 |
| Eicher Motors Share Price Target 2026 | |
| Minimum Target | Maximum Target |
| ₹3,900 | ₹4,600 |
| Eicher Motors Share Price Target 2027 | |
| Minimum Target | Maximum Target |
| ₹4,000 | ₹4,800 |
| Eicher Motors Share Price Target 2028 | |
| Minimum Target | Maximum Target |
| ₹4,100 | ₹5,000 |
| Eicher Motors Share Price Target 2029 | |
| Minimum Target | Maximum Target |
| ₹4,200 | ₹5,200 |
| Eicher Motors Share Price Target 2030 | |
| Minimum Target | Maximum Target |
| ₹4,300 | ₹5,400 |
| Eicher Motors Share Price Target 2035 | |
| Minimum Target | Maximum Target |
| ₹4,500 | ₹5,800 |
| Eicher Motors Share Price Target 2040 | |
| Minimum Target | Maximum Target |
| ₹4,700 | ₹6,200 |
| Eicher Motors Share Price Target 2045 | |
| Minimum Target | Maximum Target |
| ₹5,000 | ₹6,600 |
| Eicher Motors Share Price Target 2050 | |
| Minimum Target | Maximum Target |
| ₹5,300 | ₹7,000 |
Eicher Motors a Good Buy 2024
If you’re considering investing in Eicher Motors shares, you might be wondering, ‘Is Eicher Motors a good buy for long-term investment?’ Let’s analyze the stock performance. By the end, you’ll have a clearer understanding of whether it’s a good time to include Eicher Motors in your long-term investment portfolio in 2024.
Strong Performance in Moving Averages: A key highlight is the performance in moving averages. The Exponential Moving Average (EMA) and Simple Moving Average (SMA) across different time frames (10, 20, 30, 50, 100, 200 days) are all indicating a ‘Buy’. This trend suggests a consistent upward trajectory for the stock, making it a potentially attractive option for long-term investors.
Oscillators Present a Balanced View: Oscillators like the Relative Strength Index (RSI), Stochastic %K, and Commodity Channel Index (CCI) are showing neutral signals. This indicates that the stock is neither overbought nor oversold, maintaining a balanced state which is often preferred for long-term investments.
Positive Indicators from Other Technical Tools: The Awesome Oscillator and MACD Level are signaling a ‘Buy’, which aligns with the overall positive trend seen in the moving averages. This further reinforces the potential for long-term growth.
Support and Resistance Levels: The pivot points, which help in understanding the critical support and resistance levels, also provide valuable insights for long-term investment decisions. These levels can guide investors on potential entry and exit points.
The technical analysis of Eicher Motors indicates a generally positive outlook for long-term investment as of 2024. The consistent ‘Buy’ signals across various moving averages, coupled with neutral to positive signals from oscillators and other technical tools, paint a picture of stability and potential growth.
Company’s Fundamentals
Analyst Recommendations
Eicher Motors Buy or Sell
Daily Low / High
Peer Comparison of Eicher Motors
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Eicher Motors | 27.90 | 106965.52 |
| TVS Motor Co. | 60.71 | 99136.69 |
| Hero Motocorp | 25.85 | 96062.39 |
| Wardwizard Inno. | 169.18 | 1915.34 |
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– As of 15 February 2024, the current share price of Eicher Motors is ₹3,911 Check out today’s current share price of Eicher Motors at the top.
– According to Google historical data, the price of Eicher Motors on 1 JAN 1999 was ₹1.22.
– Based on our analysis, the maximum Eicher Motors Share Price Target in 2024 is projected to be ₹4,200.
– Based on our analysis, the maximum Eicher Motors Share Price Target in 2025 is projected to be ₹4,400.
– Based on our analysis, the maximum Eicher Motors Share Price Target in 2027 is projected to be ₹4,800.
– Based on our analysis, the maximum Eicher Motors Share Price Target in 2030 is projected to be ₹5,400.
– Based on our analysis, the maximum Eicher Motors Share Price Target in 2035 is projected to be ₹5,800.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices.
Disclaimer– These Share Price Targets for “Eicher Motors Share Price Target” are only provided for informational purposes. It does not constitute a recommendation to buy, sell, or hold Eicher Motors stock. Investors should conduct their research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
