Buy Hero Honda on dips
In terms of Hero Honda, you cannot keep the stock away when monsoons are too good and when we are expecting quite a good revival in rural sector.
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| Siddharth Sedani, Sr Manager ( Portfolio Management Services), Microsec Capital Ltd, in a chat with ET Now talks about Hero Honda.
ET Now: What is the call on Hero Honda?
Siddharth Sedani: In terms of Hero Honda, you cannot keep the stock away when monsoons are too good and when we are expecting quite a good revival in rural sector. But looking at the expansions in their Haridwar project, they are planning to expand 1.2 million units to 1.8 million units which is again a fiscal benefit plant. So looking at the peers, Bajaj Auto is also doing fairly good in terms of their volume growth and in terms of their product innovations. But the stock is looking okay attractive. However, one should buy on dips Hero Honda and to play with the monsoon play also.
ET Now: What is the call on Hero Honda?
Siddharth Sedani: In terms of Hero Honda, you cannot keep the stock away when monsoons are too good and when we are expecting quite a good revival in rural sector. But looking at the expansions in their Haridwar project, they are planning to expand 1.2 million units to 1.8 million units which is again a fiscal benefit plant. So looking at the peers, Bajaj Auto is also doing fairly good in terms of their volume growth and in terms of their product innovations. But the stock is looking okay attractive. However, one should buy on dips Hero Honda and to play with the monsoon play also.
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