Is Eicher Motors a Buy or Sell now? CLSA, Jefferies, Citi see up to 21% upside potential
Eicher Motors’ share price surged 7% on the National Stock Exchange after reporting strong quarterly results. Brokerages have mixed opinions on the stock, with Jefferies raising the target price by 21%, CLSA by 11%, and Citi by 13.5%. However, JM Financial has a ‘Reduce’ call with a downside of 3.4%. Royal Enfield’s domestic business is performing well.