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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
CLSA Initiates Buy on Eicher Motors
CLSA has initiated 'buy' on Eicher Motors for target price of Rs 21,800 per share. CLSA says that the structural growth from Royal Enfield is likely to continue and it expects Eicher to deliver sector-leading growth. CLSA noted that the industry demand is shifting towards premium bikes and Eicher's premium valuations are likely to be sustained going ahead.