Eicher Motors reported better-than-estimated Q4 results, sending its shares up by nearly 7%. The company’s consolidated net profit rose by 48% to INR905 crore, while revenue from operations increased by 19% YoY to INR3,804 crore – the firm’s highest-ever revenue and fifth consecutive quarter of record revenues. The board has also recommended a final dividend of INR37 per equity.
2 top stock recommendations from Rajesh Palviya
Rajesh Palviya of Axis Securities suggests Nifty may consolidate between 24,800 and 25,000. Bank Nifty might range from 54,900 to 55,500. Chennai Petro and Coal