Chandan Taparia of Motilal Oswal has buy call on Hero MotoCorp with a target price of Rs 2680. The current market price of Hero MotoCorp is Rs 2562.55. Time period given by analyst is Intra Day when Hero MotoCorp Ltd. price can reach defined target.
Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 51218.79 Crore) operating in Auto sector.
Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Other Operating Revenue, Sale of services and Duty Drawback for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 7627.99 Crore, down -6.21 % from last quarter Total Income of Rs 8133.30 Crore and down -12.90 % from last year same quarter Total Income of Rs 8758.01 Crore. Company reported net profit after tax of Rs 640.87 Crore in latest quarter.
Investment Rationale
Price volume breakout and closed with a strong Bullish candle, with follow-up buying seen at declines
Promoter/FII Holdings
Promoters held 34.75 per cent stake in the company as of 31-Mar-2022, while FIIs owned 43.02 per cent, DIIs 10.44 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
