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Eicher Motors falls 2% as CLSA downgrades stock post Q4 earnings

Updated : June 15, 2020 12:46 PM IST

CLSA downgraded its rating on the stock to Underperform from Outperform as it believes the stock’s premium valuation has little scope for expansion amid subdued volume growth.
The brokerage increased its FY21/22 EPS estimates by 6-8 percent as it factors-in a return of pricing discipline in the two-wheeler industry.
Eicher Motors falls 2% as CLSA downgrades stock post Q4 earnings

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