💨 Abstract

Eicher Motors shares dropped 7% due to lower profit margins from heavy spending on new launches and increased costs. Analysts expect pressure on profitability as the company focuses on growth. Eicher's core profit margins missed expectations, and its stock was the biggest drag on auto stocks. Analysts have a median 12-month target of 5,409.50

Courtesy: theprint.in

Summarized by Einstein Beta 🤖