Buy Hero MotoCorp, target Rs 3,000: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Hero MotoCorp Ltd. with a target price of Rs 3000. The current market price of Hero MotoCorp Ltd. is Rs 2881.75. 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 2800.

Hero MotoCorp Ltd., incorporated in 1984, is a largecap company with a market cap of Rs 57551.85 crore.
Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity which contributed Rs 27780.34 Crore to Sales Value (90.06 % of Total Sales), Spares (Two Wheelers) which contributed Rs 2548.49 Crore to Sales Value (8.26 % of Total Sales), Other Operating Revenue which contributed Rs 283.60 Crore to Sales Value (0.91 % of Total Sales), Sale of services which contributed Rs 211.84 Crore to Sales Value (0.68 % of Total Sales) and Export Incentives which contributed Rs 21.85 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2017.


For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 8809.82 Crore, up 2.87 % from last quarter Sales of Rs 8564.04 Crore and up 10.52 % from last year same quarter Sales of Rs 7971.58 Crore Company has reported net profit after tax of Rs 909.17 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. Company has BSR & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 199,711,455 shares outstanding.