Hot Stocks: Global brokerages on UltraTech Cement, Dalmia Bharat, Eicher Motors and Gland Pharma

August 23, 2022

CLSA maintained a buy rating on Eicher Motors with a target price of Rs 4154. The stock closed at Rs 3363 on 22 August. The company is seeing a strong replacement demand which is likely to support Royal Enfield’s volume growth, CLSA said. “Exports are likely to be a key growth area. Royal Enfield’s EBITDA per vehicle is poised to climb higher,” said the note.

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