INSUBCONTINENT EXCLUSIVE:
Arun Kumar of Reliance Securities has a sell call on Hero MotoCorp Ltd
with a target price of Rs 2470
The current market price of Hero MotoCorp Ltd
Time period given by the analyst is Intra Day when Hero MotoCorp Ltd
price can reach defined target
Arun Kumar recommended to keep stoploss at Rs 2645
Hero MotoCorp Ltd., incorporated in 1984, has a market cap of Rs 51794.86 crore.
Hero MotoCorp Ltd
key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity which contributed Rs 29693.52 Crore to Sales Value
(88.24 % of Total Sales), Spares (Two Wheelers) which contributed Rs 2835.97 Crore to Sales Value (8.42 % of Total Sales), Sale of services
which contributed Rs 595.04 Crore to Sales Value (1.76 % of Total Sales) and Other Operating Revenue which contributed Rs 526.01 Crore to
Sales Value (1.56 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 7660.27 Crore, down -6.42 % from last quarter Sales
of Rs 8185.66 Crore and down -16.44 % from last year same quarter Sales of Rs 9167.86 Crore Company has reported net profit after tax of Rs
869.78 Crore in latest quarter
S Kasbekar, Ms.Shobana Kamineni, Ms.Tina Trikha, Prof.Jagmohan Singh Raju
LLP as its auditoRs As on 30-09-2019, the company has a total of 199,726,884 shares outstanding.