The company reported a 13 per cent decline in sales in the March quarter at 1,97,567 units.
Higher competition and more price hikes amid muted demand are near term headwinds
Analysts say that even after adjusting for loss in production after nine-day strike, the supplies to distributors have been on the weaker side
Dena Bank slipped 5 per cent to Rs 13.65, falling 24 per cent in past three trading sessions, skidding to its lowest level since April 30, 2003.
The stock is down by 4% at Rs 20,321, falling 12% in past two days and trading near its 52-week low of Rs 20,301 touched on October 4, 2018, in the intra-day deals.
Strong response to Jawa launches, muted volume growth to keep stock under pressure
The stock was up 2.4% at Rs 25,340, gaining 16% in one week after the complete workforce at the Royal Enfield manufacturer's Oragadam facility has called-off the strike.
Multiple headwinds have dented the company's September sales
Multiple headwinds had dented the company's September sales and a volume uptick is critical for the stock to be rerated
Presence in niche segment to keep earnings growth strong for Royal Enfield business
The stock up 5% to Rs 28,975 on the BSE after the company reported 25% YoY growth in its consolidated net profit at Rs 5.76 billion in June quarter.
Expansion in under-penetrated markets, new models to drive earnings
The company is targeting at selling around 950,000 units in 2018-19, against 820,000 units last year
Margins can be retained at industry-high levels of over 30%
Network expansion and new models will lead to Eicher's revenue and operating profit compounding at 25 per cent and 30 per cent respectively, over the fiscal 2017-2020 period
A lot will depend on the company's ability to get traction both in India and abroad for its new launches
The company has launched a slew of products to cater to the segment
The company is looking to rewrite the rules of the game in the mid-weight segment
Eicher dominates the middleweight motorcycle segment, which comprises bikes with engine capacity of 250-650 cc
During the quarter, the Royal Enfield bike maker sold 183,998 motorcycles