Gorashekhar told CNBC-TV18, "One should book profits partly on Hero Honda not fully although the longer-term prospects for Hero Honda continue to be very good because the 2% hike is not something which is going to effect the volume growth not only for Hero Honda but even for the other two-wheeler companies."
He further added, "I think if one can book some part of one's profits and recover one's capital and retain the other holding, definitely from these levels we expect that hopefully for 2011, numbers for Hero Honda will continue to show strong volume momentum and we could see another 10-15% upside right from here."
