Buy Hero MotoCorp, target price Rs 4480: Motilal Oswal

Motilal Oswal has buy call on Hero MotoCorp Ltd. with a target price of Rs 4480. The current market price of Hero MotoCorp is Rs 4026.5.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 81710.44 Crore) operating in Auto sector.

Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Sale of services, Other Operating Revenue and Duty Drawback for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 9741.17 Crore, up 7.32 % from last quarter Total Income of Rs 9076.55 Crore and up 5.28 % from last year same quarter Total Income of Rs 9252.22 Crore. Company reported net profit after tax of Rs 1002.52 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 34.77 per cent stake in the company as of 30-Sep-2023, while FIIs owned 26.8 per cent, DIIs 15.21 per cent.