Latest News
-
625% Dividend, 1:10 Split, 3 Bonus; FMCG ITC Makes Big Acquisition Announcement; Stock Target Prices In April -
2:1 Bonus Issue: IT Penny Stock Turned; 1,600 Shares Market Lot Size Revised To 4,800 Shares -
FREE, FREE, FREE! 3:1 Bonus: Pharma Stock Hits Back-To-Back Upper Circuits; 500 Shares To Earn Rs 1,69,500 -
1:10 Stock Split: Below Rs 10, Fertilizer Sector Turned Ex-Split; 8,282% Returns In 5 Years -
Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System
Buy This Top Midcap Stock From Auto Sector As Shares Set To Rally, Says Motilal Oswal
Motilal Oswal Securities maintains a "buy" on Hero MotoCorp Limited (HMCL) with a target price of Rs 3,000 apiece. If you buy the stock at the current market price, it could fetch gains up to 10% considering the given target price. HMCL is one of India's motorcycle manufacturers and the world's largest manufacturer of two wheelers. This company has a market capitalisation of Rs 54,359.64 crore.
Stock Outlook & Returns On Investments
On NSE, the stock of HMCL last traded at Rs 2,720.40/share. Its 52-week low is Rs 2,146.85 apiece recorded on 18 August 2022, and the 52-week high is Rs 2,938.60 apiece recorded on 8 March 2022, respectively. In the last 1 month, the stock moved down 3.55% and in 3 months, it moved up 7.72%, respectively. In the last 1 year, it gave 7.72% positive returns. Whereas, in the last 3 years, it has given 9.84% positive returns. It has fallen 27.56% in the last 5 years.
Maintains Buy For Rs 3000 Target Price
HMCL's volumes remained flat YoY at 394.2k units (est. 375k units). "We estimate volumes to grow by 11% in FY23, implying a residual growth of 20%, or a run-rate of 474.7k units. With the upcoming marriage and festive season in many parts of the country and continuously improving consumer sentiment on account of favorable macro-economic indicators, the company expects a positive momentum to build up from the fourth quarter onward. HMCL trades at 19.7x/15.1x FY23E/FY24E EPS. Maintain BUY," says Motilal Oswal.
Disclaimer
The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.
