Equity Alert
Eicher Motors up 7%; Q3 net profit rises 21% YoY, beats view
This story was originally published at 10:51 IST on 11 February 2026
Register to read our real-time news.Informist, Wednesday, Feb. 11, 2026 Tel +91 (22) 6985-4000
Equity Alert: Eicher Motors up 7%; Q3 net profit rises 21% YoY, beats view
MUMBAI--1028 IST--Shares of Eicher Motors rose nearly 7% to an all-time high of INR 7,805 after the company reported its December quarter earnings Tuesday. It posted a consolidated net profit of INR 14.21 billion, up 21% on year and almost 4% sequentially. The company's bottom beat analysts' estimate of INR 13.84 billion. The consolidated revenue was INR 61.14 billion for the quarter, up 23% on year but down nearly 1% on quarter. Analysts had expected the company's revenue to come in at INR 60.34 billion.
The company's strong performance came on the back of volume growth of around 21%, helped by an improvement in consumer sentiment due to the goods and services tax cut, festive demand, and new launches, according to Nirmal Bang Institutional Equities. The brokerage expects the domestic business to grow at a compounded annual rate of 15% and exports to grow 22% over 2024-25 (Apr-Mar) to FY27. It expects the company's revenue to grow at a compounded annual rate of 20% and its earnings before interest, tax, depreciation, and amortisation to grow 22% over FY25-FY27. These estimates factor in the company's growing market and sustaining market share in domestic and exports. The brokerage maintained its 'buy' recommendation along with its target price of INR 8,605.
The company's revenue rose on account of good volume growth, but an unfavourable product mix led to a fall of 2% in the average selling price at INR 185,000, Emkay Global Financial Services said. The brokerage said its joint venture with Swedish firm Volvo Group, VE Commercial Vehicles Ltd., has also been performing well, with its outlook also turning positive. The brokerage raised its earnings per share by 4% for FY27 and 8% for FY28 on account of improvement in growth and margin performance. The brokerage maintained its 'add' recommendation and raised its target price by nearly 9% to INR 7,500.
The demand due to GST rate cuts has now normalised after the initial surge. Moreover, the management's guidance of 'growth over profitability' would mean that the margin upside is likely to be capped going forward, Motilal OSwal Financial Services said. In view of slower growth in earnings, the brokerage said the stock has no reason to be trading at high valuations. Motilal Oswal retained its 'sell' recommendation and its target price of INR 6,313. Nuvama Institutional Equities maintained its 'hold' recommendation on the stock but raised its target price to INR 8,100 from INR 7,700 previously. It expects the Bullet maker's volume momentum to remain on the back of key models along with a push in marketing. The momentum in exports is also likely to be sustained led by strengthening presence in current markets as well as newer products. The brokerage raised its earnings per share estimate for FY27-FY28 by up to 4% and expects the company's top line to grow at a compounded annual rate of 13% and earnings to grow 14% over FY26-FY28.
At 1019 IST, shares of the company were over 6% higher at INR 7,766 on the National Stock Exchange. Over 1 million shares of the company were traded on the bourse so far, nearly 10 times the number of shares traded at the same time Thursday. Out of the 12 brokerage reports on the company with Informist, six have a 'buy' recommendation with an average target price of INR 8,058. Of the remaining six, four have a 'hold' recommendation with an average target price of INR 7,308 and two have a 'sell' recommendation on the stock. (Akshat Saksena)
Equity Alert: Indices open higher but come off highs; Eicher Motors up 7%
MUMBAI--0951 IST--Domestic benchmark indices opened higher Wednesday but later came off highs as select stocks pared gains. In the Nifty 50 index, gains in stocks of Eicher Motors and Mahindra & Mahindra were offset by the losses in heavyweights ICICI Bank and Bharti Airtel.
At 0950 IST, the Nifty 50 was at 25930.90 points, down 4.25 points, 0.02% and the BSE Sensex was at 84224.04 points, down 49.88 points, or 0.06%.
Shares of Eicher Motors were the top gainers in the 50-stock index, up nearly 7%. Apollo Hospitals Enterprise was the second top gainer, up over 5%. Both these companies detailed their December quarter results post market hours Tuesday. Max Healthcare Institute rose 2%. Automobile stocks of Tata Motors Passenger Vehicles, Mahindra & Mahindra, Bajaj Auto and Maruti Suzuki India rose nearly 1-2?ch.
Oil and Natural Gas Corp., Coal India, and Hindalco Industries were the worst hit in the index, down nearly 2?ch. Shares of Grasim Industries, Eternal, HCL Technologies, and Trent were down nearly 1?ch. Shares of heavyweight ICICI Bank, and those of Adani Enterprises, Infosys, Jio Financial Services, and Shriram Finance gave up early gains and were down 0.2-0.5%.
The Royal Enfield owner, Eicher Motors, reported a consolidated net profit of INR 14.21 billion for the December quarter, up over 21% on year. This was above the analysts' view of INR 13.84 billion. The revenue of the company was at INR 61.14 billion, up nearly 23% on year. The stock of Eicher Motors was the top gainer in both the Nifty 200 and Nifty 500 as well.
Apollo Hospitals Enterprise reported a consolidated net profit of INR 5.02 billion, up nearly 35% on year for Oct-Dec. The bottom line was above the Street's view of INR 4.69 billion. The revenue of the company rose over 17% on year to INR 64.77 billion, beating analysts' estimate of INR 63.01 billion for the reporting quarter.
Shares of Bharat Heavy Electricals and Torrent Power were the worst hit in both the Nifty 200 and Nifty 500 indices, down nearly 6% and 4%, respectively. The stock of BHEL fell after it said that the government is planning to sell up to 5% stake in the state-owned company through an offer for sale. Torrent Power fell despite the company reporting an over 35% on-year growth in its net profit to INR 6.43 billion for the December quarter. (Adhithya Aji)
Equity Alert: BHEL shrs plunge 6% as co's OFS starts at a steep discount
MUMBAI--1005 IST--Shares of capital goods major Bharat Heavy Electricals dropped over 6% to a low of INR 259.25 on NSE Wednesday after the government announced 5% stake sale through an offer for sale. The floor price for the OFS is set at INR 254 per share, a near 8% discount compared to the stock's closing price on Tuesday.
The offer for sale opened Wednesday for non-retail investors and retail investors can bid Thursday, Divestment Secretary Arunish Chawla said. The government will sell 3% stake in the company with a greenshoe option of an additional 2%, Chawla said in a post on social media platform X. The government holds 63.2% stake in BHEL. At the given floor price, the government can raise INR 26.53 billion by divesting 3% stake and up to INR 44.22 billion if it exercises the greenshoe option.
Of the six brokerage reports available with Informist on the company, five have a 'buy' recommendation with an average target price of INR 350, while one has a 'hold' rating. (Eshitva Prakash)
Equity Alert: Emkay downgrades Ramco Cements to 'reduce', target price cut 13%
MUMBAI--0940 IST--Emkay Global Financial Services has downgraded The Ramco Cements to 'reduce' from 'add' and cut its target price by 13% to INR 1,000. The pricing and volume buoyancy in January and February will be insufficient to compensate for the company's weak performance in the December quarter, resulting in a downgrade, the brokerage said in a research report. Weak operational performance and capital expenditure delay have resulted in Emkay Global cutting its 2025-26 (Apr-Mar) to FY28 earnings before interest, tax, depreciation, and amortisation estimates for the company by 7–17%.
Weak cement realisations affected the company's EBITDA, the brokerage said. The company reported a standalone EBITDA of INR 2.8 billion, which was flat on year and down nearly 27% sequentially. Owing to weak cement prices in the regions Ramco Cements operates in, cement realisation plunged around 7% on quarter in Oct-Dec, and was the root cause of the underperformance, Emkay Global said. The company's cement volumes grew around 4% during the December quarter, but this growth rate was below the industry average, which implies continued market-share loss.
The brokerage added that it was disappointed with the company delaying the commissioning of its Kolimigundala line by nearly 12 months. The company is now targeting capacity for around 31 tonnes per annum by the end of FY27. Ramco Cements has reduced its capital expenditure guidance for FY26 by INR 1 billion to INR 11 billion. The brokerage sees the company incurring a capital expenditure of INR 8 billion in FY27 and INR 5 billion in FY28.
At 0935 IST, shares of Ramco Cements traded 0.3% lower at INR 1,164.60 on the NSE. The company released its December quarter earnings after market hours Monday. In the past two days, Ramco Cements' shares have declined over 3%. (Eshitva Prakash)
Equity Alert:Asian indices up; CSI 300 dn as investors assess China CPI data
MUMBAI--0822 IST--Asian equity indices were higher in early trade Wednesday, barring the CSI 300, which was slightly lower. Investors will look at the latest economic data from China. The Australian index announced the departure of its Chief Executive Officer Helen Lofthouse, putting pressure on the stock. Markets in Japan were closed on account of a holiday.
Growth in China's consumer inflation was lower than expected as the deflation in producer prices continued to persist. The Consumer Price Index rose 0.2% in Januray, below the forecast of 0.4% rise in a Reuters poll, CNBC reported. In December, CPI rose 0.8% and was at its highest level in almost three years. "Core CPI, which strips out volatile food and energy prices, jumped 0.8% from a year earlier, easing from the 1.2% in December," CNBC said. The country's Producer Price Index fell 1.4% on year, which was better than a fall of 1.5% estimated by analysts and moderated from a 1.9?ll in December as well.
Austraila's bourse operator ASX announced that its CEO Helen Lofthouse will step down in May, which prompted shares of the bourse operator to fall over 2%, Reuters reported. The bourse recently found itself in trouble with regulators as it sought to overhaul its trading technology. Shares of Commonwealth Bank of Australia rose nearly 8?ter it reported record earnings, held its market share, increased its loans, and increased its dividend. Shares of biotech company CSL fell over 6% and reached its lowest level in eight years after the company reported a fall in profit for the first half of the year and announced the retirement of its CEO Paul McKenzie, who is set to be replaced by Gordon Naylor as interim CEO.
Following are the levels of key Asian indices at 0818 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4717.76 |
(-)0.14 |
|
Hang Seng Index |
27246.72 |
0.23 |
|
KOSPI |
5344.96 |
0.82 |
|
Nikkei 225 Day |
57650.54 |
2.28 |
|
TOPIX FIRST SECTION |
3855.28 |
1.90 |
|
FTSE Singapore Straits Times |
4968.05 |
0.08 |
|
S&P/ASX 200 Index |
8995 |
1.44 |
(Akshat Saksena)
Equity Alert: Benchmark indices may open higher for third straight session
MUMBAI--0830 IST--Benchmark indices are likely to open higher for the third consecutive session amid bullish investor sentiment after India and the US signed a framework for an interim trade agreement. The Nifty 50 will face resistance around 26000 points and a significant move above this level is likely to result in further gains, technical analysts said. Investors are set to react to a slew of Nifty 50 companies that detailed their earnings after market hours on Tuesday.
The GIFT Nifty 50 indicates a higher start for the Nifty 50. At 0825 IST, the February contract of the GIFT Nifty was at 26058.50 points, up over 123 points from the Nifty 50's previous close. On Tuesday, the Nifty 50 index closed at 25935.15 points, up 67.85 points, or 0.3%, and the BSE Sensex closed at 84273.92, up 208.17 points, or 0.3%.
Shares of defence companies will be in focus as media reports suggest that in a major overhaul of defence procurement rules, the government is set to tweak the old L1 formula and give extra credits to Indian companies and startups that focus on research and development and invest in owning intellectual property rights rather than just obtaining technology transfers. Procurement timelines will also be cut by up to 50% and these new rules are expected to be finalised by March, The Economic Times reported.
Shares of Eicher Motors will be watched after the company reported a more than 21% increase in its consolidated net profit at INR 14.21 billion, surpassing analysts' estimates. Nuvama Institutional Equities has raised its target price on the stock 5% to INR 8,100 as the brokerage sees continuing sales growth and robust export momentum. Emkay Global Financial Services has raised its target price on the stock almost 9% to INR 7,500. Shares of Grasim Industries and Apollo Hospitals will also be watched after the two companies reported their December quarter earnings after market hours Tuesday.
Shares of automobile maker Mahindra & Mahindra are set to react to the company's December quarter earnings later in the day. The company is expected to report double-digit year-on-year growth in its bottom line and top line, according to brokerages.
Overnight, the S&P 500 and the NASDAQ Composite closed lower, while the Dow Jones Industrial Average eked out a minor gain. Shares of financial services companies were hit Tuesday after tech platform Altruist launched a new artificial intelligence-powered tax planning tool, CNBC reported. Barring China's blue-chip CSI 300 index, all major indices in Asia were up in early trade Wednesday. (Eshitva Prakash)
Equity Alert: Most US indices end lower; Dow Jones reaches record high
MUMBAI--0743 IST--Equity indices in the US ended lower Tuesday, barring the Dow Jones Industrial Average Index, which ended slightly higher. The Dow Jones Industrial Average Index reached record highs during the session. Shares of financial companies were hit after a new artificial intelligence tool threatens the sector. Investors assessed the US retail sales data ahead of the labour market report.
Shares of Morgan Stanley, Charles Schwab Corp., and LPL Financials fell 2-8?ter technology company Altruisit released a new AI-based tax planning tool, CNBC reported. "There seems to be a rotation into other areas that may be more insulated from that AI trade," Anthony Saglimbene, Ameriprise Financial's chief market strategist was reported as saying.
US retail sales stayed stagnant in December as households pulled back spending on motor vehicles and other big-ticket items. "The Commerce Department also revised down retail sales for October, suggesting consumer fatigue amid rising cost-of-living challenges that have been partly attributed to higher prices due to tariffs on imports," Reuters said. The retail data report, along with a marginal rise in business inventories, has led to economists downgrading their economic growth expectations for the December quarter. Shares of Walmart and Costco ended nearly 2% and 3% lower, respectively.
Investors hoped for a more dovish US Federal Reserve Bank with the probability of a rate cut rising to 36.9% from 32.2% Monday. Markets still expect the central bank to keep rates unchanged until the current Fed chair nominee, Kevin Warsh, is approved by the US Senate and takes over the position of US Federal Reserve Chair Jerome Powell. The underwhelming retail data was described as "bad news is good news" especially for rate-sensitive sectors such as utilities and real estate, according to Mark Luschini, chief investment strategist at Janney Montgomery Scott.
Shares of Alphabet fell nearly 2% during the session after the company said it sold bonds worth $20 billion. This came as concerns over the amount of money spent on the AI boom continues to grow among investors, Reuters said. Meta, Alphabet, and Microsoft are set to collectively spend over hundreds of billion of dollars to come out ahead in the AI race.
Following are the closing levels of US indices Tuesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6941.81 |
(-)0.33 |
|
NASDAQ Composite |
23102.47 |
(-)0.59 |
|
Dow Jones Industrial Average |
50188.14 |
0.10 |
(Akshat Saksena)
US$1 = INR 90.52
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.
All times are Indian Standard Time.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
