Eicher Motors’s stock is down 16% from its 8 September record of Rs33,483.95 even as the broad market posted a fresh record. Photo: MintSingapore: Shares of Eicher Motors Ltd, which have soared almost 8,000% in the past decade, have hit a sweet spot, says Goldman Sachs Group Inc. The stock is down 16% from its 8 September record of Rs33,483.95 even as the broad market posted a fresh record. Eicher’s retreat has pushed down the valuation to below its five-year average and presents a buying opportunity, according to analyst Pramod Kumar. Eicher Motors is the best-performing company on the NSE Nifty 50 Index over the past 10 years, and one of the gauge’s two members with a five-digit price tag on its shares.

Source: Mint January 22, 2018 05:15 UTC