Stock Radar: Eicher Motors witnesses profit taking after hitting record highs in April; time to buy the dip?

Eicher Motors stock recently reached a new high but experienced profit booking. Experts suggest buying the dip, anticipating a potential rise to Rs 6,000 in the coming months. The stock is trading above key support levels, making it an attractive buy. Analysts recommend a target of Rs 6,070-6,120 within 7-8 weeks. A stop loss can be placed below Rs 5,350.