INSUBCONTINENT EXCLUSIVE:
Chandan Taparia of Motilal Oswal Securities has a sell call on Hero MotoCorp Ltd
with a target price of Rs 2240.0
The current price of Hero MotoCorp Ltd
Chandan Taparia recommended to keep a stoploss at Rs 2415
Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 47073.58 Crore) operating in Auto
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 31-12-2019, the company has reported a Consolidated sales of Rs 7074.53 Crore, down -7.65 % from last quarter Sales
of Rs 7660.27 Crore and down -10.87 % from last year same quarter Sales of Rs 7936.88 Crore Company has reported net profit after tax of Rs
880.13 Crore in latest quarter
Mr.Pawan Munjal, Mr.Paul Edgerley, Mr.M Damodaran, GeneralV P Malik, Dr.Pritam Singh, Ms.Shobana Kamineni
LLP as its auditors As on 31-12-2019, the company has a total of 199,737,238 shares outstanding.