Eicher Motors shares jump 7% on Q4 earnings. Should you buy, sell or hold?

May 12, 2023

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.

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