AgenciesAxis Securities has buy call on Hero MotoCorp with a target price of Rs 3060. The current market price of is Rs 2774.35. Time period given by analyst is one year when . price can reach defined target.
Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 55579.56 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-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 8503.07 Crore, up 11.47 % from last quarter Total Income of Rs 7627.99 Crore and up 50.54 % from last year same quarter Total Income of Rs 5648.20 Crore. Company reported net profit after tax of Rs 606.70 Crore in latest quarter.
Investment Rationale
With the softening of commodity prices and operating leverage, the brokerage expects margins to improve in the coming quarters.
Promoter/FII Holdings
Promoters held 34.78 per cent stake in the company as of 30-Jun-2022, while FIIs owned 42.92 per cent, DIIs 11.5 per cent.
Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 55579.56 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-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 8503.07 Crore, up 11.47 % from last quarter Total Income of Rs 7627.99 Crore and up 50.54 % from last year same quarter Total Income of Rs 5648.20 Crore. Company reported net profit after tax of Rs 606.70 Crore in latest quarter.
Investment Rationale
With the softening of commodity prices and operating leverage, the brokerage expects margins to improve in the coming quarters.
Promoter/FII Holdings
Promoters held 34.78 per cent stake in the company as of 30-Jun-2022, while FIIs owned 42.92 per cent, DIIs 11.5 per cent.
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