Eicher Motors Q2 Results: Profit Rises 15%, Margins in Focus

Eicher Motors reported a 15% year-on-year increase in consolidated net profit to ₹1,573 crore for Q2 FY27, compared with ₹1,369 crore in the corresponding quarter last year. However, the company missed analysts' profit estimates of ₹1,626 crore as rising raw material costs weighed on profitability, partially offsetting strong motorcycle sales. Technical Outlook: Eicher Motors is trading around ₹7,650 and maintaining a positive technical structure. The stock is trading above its 10, 20, 50, 100 and 200-day moving averages, indicating improving bullish momentum. RSI at 61.58 reflects positive momentum, while MACD remains in positive territory. ADX at 25.84 indicates improving trend strength. Key Levels to Watch: Immediate Resistance: ₹7,800–7,850 Next Resistance: ₹8,000 Immediate Support: ₹7,540 Major Support: ₹7,420 My View: Despite missing profit estimates, Eicher Motors has delivered year-on-year profit growth supported by strong motorcycle sales. Technically, the chart structure remains positive. A sustained breakout above ₹7,850 could open the possibility of further upside towards ₹8,000, while ₹7,420 remains an important support zone. Disclosure: The analyst or his family does not have any position in the stock. Disclaimer: This article is for educational purposes only and should not be considered investment advice. EICHERMOT