36132 Investors following Hero Motocorp. Share this News with them.
0
Like this story, share it with millions of investors on M3
Accumulate Hero Honda, target of Rs 855: Angel
Angel Broking has maintained its accumulate rating on Hero Honda Motors with a target price of Rs 855. Hero Honda and Bajaj Auto announced to cut rates of their vehicles following the government announcement of cutting Cenvat duty by 4%. The reduction among Hero Honda products (motorcycles and scooters) will be in the range of Rs 1,000- 2,000.
Angel Broking has maintained its accumulate rating on Hero Honda Motors with a target price of Rs 855 in its December 10, 2008 research report. "Hero Honda and Bajaj Auto announced to cut rates of their vehicles following the government announcement of cutting Cenvat duty by 4%. While the reduction among Hero Honda products (motorcycles and scooters) will be in the range of Rs 1,000- 2,000, Bajaj Auto, has announced a cut of Rs 2,100-4,400. This reduction is mainly to pass on the excise cost benefit to the customers, which in turn will help in boost up the depleting two wheeler sales. We maintain Accumulate on Hero Honda with a target price of Rs 855," says Angel's research report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment......
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| DLF | Suzlon Energy | Rafale | Sun Pharma | Singapore Telecommunications | Oil and Natural Gas Corporation | BSE Sensex | Iran | Reliance Power | Bonus share 
