ICICI Securities has upgraded Eicher Motors to Buy from Hold, raising its target price to Rs 9,500 from Rs 7,400, implying 22% upside from the current market price of Rs 7,779.
Indian markets witnessed sustained buying in today's session. US and UK stock markets were closed today due to holiday and mainly Asian stocks were trading.
On a Royal Enfield, the first glance down at the console is never just about speed. It is a ritual: you feel the thump, hear the exhaust settle, and confirm that the bike is ready to run with you.
Britannia Industries, Maruti Suzuki, Eicher Motors, Granules India, Hindustan Unilever, ITC and Nestle India were among gainers during early trades on Wednesday.