5939.0000 97.50 (1.67%)
NSE Jan 02, 2026 13:11 PM
Volume: 828.0K
 

5939.00
1.67%
Phillip Capital
Key highlights: Strong numbers with positive operating leverage and lower promotions aided an unanticipated margin improvement. Management remains optimistic on demand outlook in Q2FY17, as normal monsoons should lead revival in otherwise languishing rural sales.They increase their estimates by 4%/7% for FY17/18 on better margin performance and retain our Buy rating with a revised target price of Rs 3,750 (Rs 3,260 earlier);Phillip Capital now value Hero at 17x our FY18 EPS (16x earlier) – have upped the target multiple on strong volume outlook and decent margin performance.They retain their Buy rating with a revised target price of Rs 3,750.
Hero MotoCorp Ltd. is trading below its 30 day SMA of 5965.6
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