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Brokerage house Nuvama has upgraded Eicher Motors share rating from HOLD to BUY. Also, for the next 12 months, the target price has been raised to Rs 5,500 per share from Rs 4,500. On November 13, the share price closed at Rs 4,890. Operating profit (EBITDA) in the second quarter was flat on a year-on-year basis. Domestic sales of Royal Enfield are expected to remain strong in the second half (H2FY25) due to strong festive demand, flagship models, new products and focus on marketing.