Royal Enfield's parent company posted an 8% year-on-year net profit increase to Rs 1,100 crore, up from Rs 1,016 crore a year earlier.

Eicher Motors shares rose nearly 8% to ₹4,940 after reporting a higher-than-expected quarterly profit, driven by strong sales of higher-margin motorcycles. Brokerages maintained positive ratings, with Jefferies projecting a target of ₹5,

Eicher Motors recorded a standalone net profit of Rs 1010 crore in the second quarter of 2024. Revenue rose to Rs 4,205 crore. Royal Enfield sold 2.25 lakh motorcycles. The company launched two electric motorcycle models under the brand Flying Flea.

Analysts say Enfield's renewed ‘focus over margins’ with intervention like relaunch of Battalion Black edition, higher marketing aided strong festive sales

Japan-based brokerage Nomura has upgraded Eicher Motors to a 'Neutral' rating from 'Reduce' and raised its target price from Rs 4,102 to Rs 4,391

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The Royal Enfield-bike maker was expected to report robust revenue and sales growth in double digits, helped by healthy exports.

Nomura India upgraded the stock's rating to 'Neutral' but suggested a target price of Rs 4,391. The foreign brokerage said it is encouraged to see RE’s shift in stance to drive volume growth rather than stick to margins.

Shares of Eicher Motors, the manufacturer of Royal Enfield, surged 7.5% to a high of Rs 4,934.50 on the BSE on Thursday, following the company’s announcement of an 8% increase in standalone net profit,