Eicher Motors

I attended conference call. The decline in Waiting period for Royal enfield was main concern due to which price have declined. At current market price, the stock is trading at trialing Twelve month PE 55 (EPS Rs 305) of around TTM profit growth of around 48%. I find stock attractive but given the significant decline in market, I would not be suprised if stock goes down below 16000/-.

Discl: I hold Eicher shares and my views may be biased. Investor shall do their own due diligence before investing.