ICICI Direct said it has given this rating based on volume growth in FY2022-24.

Eicher Motors Limited has more than 250 cc motorcycles in the market. The company has more than 85 percent market share in this segment. This company is the manufacturer of popular brand Royal Enfield. The company under Royal Enfield has motorcycles like Classic, Meteor and Halia Land Hunter 350.

After launching the 650 cc bike, the company's market share in the intermediate segment in the international market has increased from 8 to 10 percent. The company has a commercial vehicles segment with BECB jointly with Volvo. Of this, Aytar Motors has a 54 percent stake. According to a report by Moneycontrol, ICICI Direct (ICICI Direct) said that the net cash positive of this company is very strong.

Should buy -
ICICI Direct said it has given this rating based on volume growth in FY2022-24. The brokerage firm has given a target price of Rs 4170 after looking at EAML's SOTP Aadhaar. Shares of this company rose by 1.38 percent to Tk 3473 on Friday. This is very close to the company's 52-week high of Rs.3513. On the other hand, this company's 52-week low is Rs.2159. The market capital of this company is 95045 crores.

Apollo Tires -
It is a popular and leading tire manufacturing company in the country. Apollo Tires Limited trades in India as well as in the European market. This company has 31 percent share in Truck, Bus, Radial segment. On the other hand, this company has a 21 percent share in the passenger car radiant segment. 67 percent of the company's revenue comes from India and 32 percent from the European market.

Why is it necessary to buy -
ICICI Direct has rated ATL as Buy. The brokerage firm said that the company's focus is on capital efficiency and making better profits by reducing costs, i.e. increasing profits by reducing costs. ICICI Direct therefore raised the target rate from Tk 290 to Tk 335. Shares of the company fell 1.51 percent to close at Tk 273 on Friday. Shares of the company touched a 52-week high of Rs 279.8 on Friday. On the other hand, the company's lowest price in 52 weeks is Rs.165. The market capital of this company is 17643 crores.