Rs 51 per share Dividend in Q4: Jefferies BUY call on Royal Enfield maker; check the registration date

Eicher Motors on Saturday reported an 18.2% year-on-year rise in net profit at Rs 1,070 crore for the fourth quarter of FY24, as against Rs 906 crore reported in the corresponding quarter of FY23. The company’s revenue grew 11.9% year-on-year to Rs 4,256 crore in the quarter under review from Rs 3,804 crore posted in Q4FY23.

Eicher Motors Share Price Target 2024

Brokerage firm Jefferies remains bullish on Eicher Motors shares. The brokerage house said that Eicher Motors’ financial result for the fourth quarter of FY24 is good and in line. “Improving long-term market share,” Jefferies said. In addition, the brokerage believes that “2Ws have set themselves up for strong growth and said there is still time to buy the stock and added.

Jeffries maintained a buy rating on Eicher Motors stock and raised the price target to Rs 6,000 from Rs 4,900.

Eicher Motors dividend 2024

Along with Q4 FY24 financial results, Eicher Motors also announced that its board has recommended a final dividend of Rs 51 per equity share of face value of Re 1 for the financial year ending March 31, 2024. According to information available for exchange filing, the said dividend remains subject to shareholder approval at the ensuing 42nd Annual General Meeting.

Eicher Motors dividend record date 2024

Eicher Motors, in an exchange filing, said the company has fixed Wednesday, August 7, 2024 as the Record Date for determining the eligibility of shareholders for payment of Dividend for the financial year 2023-24, subject to the approval of the Dividend by the Members at the General Meeting Annual mentioned above.

Eicher Motors Share Price History

Eicher Motors is a component of the S&P BSE 100 index of the BSE. According to BSE analysis, Eicher Motors shares have returned 26.99% in the last six months, 27.50% in the last year, 146.66% in the last five years and 612.95% in the last ten years. its investors.

Shares of Eicher Motors have a 52-week range of Rs 4,722.40 – Rs 3,159.20 on the BSE as of May 13, 2024.

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(Disclaimer: The above article is for informational purposes only and should not be considered investment advice. ET NOW DIGITAL suggests readers/audience consult their financial advisors before making any money related decisions.)