Buy Hero MotoCorp, target Rs 2940: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Hero MotoCorp Ltd. with a target price of Rs 2940. The current market price of Hero MotoCorp Ltd. is Rs 2855.4 Time period given by the analyst is Intra Day when Hero MotoCorp Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 2820.

Hero MotoCorp Ltd., incorporated in 1984, is a largecap company with a market cap of Rs 57027.86 crore.
Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity which contributed Rs 29422.60 Crore to Sales Value (89.50 % of Total Sales), Spares (Two Wheelers) which contributed Rs 2578.06 Crore to Sales Value (7.84 % of Total Sales), Other Operating Revenue which contributed Rs 640.98 Crore to Sales Value (1.94 % of Total Sales) and Sale of services which contributed Rs 230.18 Crore to Sales Value (0.70 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 7864.82 Crore, down -13.49 % from last quarter Sales of Rs 9090.94 Crore and up 7.66 % from last year same quarter Sales of Rs 7305.49 Crore Company has reported net profit after tax of Rs 769.10 Crore in latest quarter. The company’s top management includes Dr.Anand C Burman, Dr.Pritam Singh, GeneralV P Malik, Mr.M Damodaran, Mr.Paul Edgerley, Mr.Pawan Munjal, Mr.Pradeep Dinodia, Mr.Ravi Nath, Mr.Suman Kant Munjal, Mr.Vikram S Kasbekar, Ms.Shobana Kamineni, Prof.Jagmohan Singh Raju. Company has BSR & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 199,719,339 shares outstanding.