Espresso Shot of the Day - Eicher Motors Ltd up by 5.95 percent

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Espresso Shot of the Day - Eicher Motors Ltd up by 5.95 percent

June 23, 2022
Espresso Shot of the Day - Eicher Motors Ltd up by 5.95 percent

EICHER MOTORS LTD 2818.45 (+5.95%) BSE – INE066A01021 | 23RD JUNE 2022

https://www.myespresso.com/images/Binge-graph-image_Eicher-Motors-Ltd-202206231909180874318.jpg

Eicher Motors Limited is the listed parent company of Royal Enfield, the global leader in middleweight motorcycles. The world’s oldest motorcycle brand in continuous production, Royal Enfield has been making its distinctive motorcycles since 1901. Focused on bringing back simple, yet engaging and accessible motorcycling, Royal Enfield operates in India and in over 60 countries around the world. The motorcycle company has modern development facilities in Leicestershire, UK and Chennai, India. Royal Enfield makes its motorcycles in Chennai, Tamil Nadu for the world. Over time, Royal Enfield has evolved into an experiential brand. Royal Enfield, with its motorcycles that combines modern-day elements with the brand’s heritage, garners immense enthusiasm amongst global motorcyclists.


Recent Drivers

  • On June 2,2022, the company declared total motorcycles sales of 63,643 units in May 2022 as against 27,294 units in May 2021. Motorcycles sales in the international business rose by 40% to 10,118 units in May 2022 over May 2021.
  • On May 13,2022, the company declared a Quarterly Net Profit of Rs.610.14 crores in March 2022, up 15.97% from Rs.526.14 crores in March 2021.
  • On May 13,2022, the company declared Net Sales of Rs3,193.32 crores in March 2022, up 8.6% from Rs.2,940.33 crores in March 2021.
  • On May 13,2022, the company approved a dividend of Rs.21/- per equity share with a face value of Rs. 1 each for the financial year ended March 31, 2022
(Sources: BSE, Business Standard, Moneycontrol)


Technical Force*

  • S&P BSE 100 month till date gain up by -6.38%
  • Traded on 52 Week high value 2995.35
  • 3 months avg. NSE volume: 7,24,561
  • Quantity traded: 37,468 | Deliverable quantity: 20,229(53.99%)
  • Stock price jumped by more than 30% from a one-year low level: 2110 (Mar 7, 2022)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 2995.35| 52-week-low: 2110.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

3714.13

3374.82

2982.38

2643.07

2250.63

1911.32

1518.88

    -

Fibonacci Pivot

3374.82

3095.29

2922.60

2811.37

2643.07

2474.76

2363.54

2190.85

1911.32


Today’s Close

2818.00

SMA

BSE

10 DAY

2690.68

20 DAY

2701.85

50 DAY

2621.94

200 DAY

2619.70


Some Key Ratios (Source: BSE)

Market Cap: 77,064.55 Crores

PE: 48.58

OPM%: 27.18

ROE%: 14.69

Promoters holding%: 49.21

Prev. Close: 2660.10


The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Private Ltd. is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.