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The Economic Times
The Economic Times
Debaroti Adhikary

Eicher Motors share price target: What are Morgan Stanley, Nomura saying about Royal Enfield maker?

Eicher Motors Nomura Royal Enfield Morgan Stanley Ice Nuvama

Shares of Eicher Motors remained little changed on Thursday after the maker of popular motorcycles under the brand name Royal Enfield reported strong earnings for the first quarter of FY27, with brokerages remaining mixed in their views on what lies ahead.

Eicher Motors on Wednesday reported a more than 21% year-on-year (YoY) rise in consolidated net profit to Rs 1,462 crore for the April-June quarter of the ongoing financial year 2027, from Rs 1,205 crore reported in the year-ago period. The firm's revenue from operations meanwhile jumped around 32.55% YoY to Rs 6,632 crore during the quarter under review.

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