Prabhudas Lilladher has issued a BUY rating for Eicher Motors with a target price of Rs.
Eicher Motors share price jumped by 3 percent on Friday as the stock looks fundamentally strong.
Indian markets opened flat on Friday and witnessed selling during the early session.
Eicher Motors, a prominent player in the Indian automotive sector, has seen significant fluctuations in its stock price recently.
ICICI Bank, Larsen & Toubro, Bharti Airtel, Mahindra & Mahindra, Eicher Motors, Maruti and SBI Life were among the blue-chip counters that pushed NSE Nifty to its all-time highs.
Indian markets witnessed gap-down opening and markets remained under pressure for the complete trading session on Friday.