BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
Eicher reported Q2 FY21 PAT at Rs 3.4 billion (-34% YoY, up sharply QoQ).
The OEM has rolled out the ‘Meteor 350cc' on a new platform along with personalisation options (MIY), which is expected to be a ‘differentiator'. The new launch comes at a time when the competition is increasing – the Honda H'ness CB350 has just been launched.
We value the RE business at 23x PE, which is at a 25% premium to the mass market OEMs.
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