Citi cuts Hero Honda to 'sell' from 'hold'

Citigroup on Wednesday downgraded Hero Honda to "sell" from "hold," citing execution risks relating to product development and branding for the company in the medium term.

March 09, 2011 / 18:12 IST

Citigroup on Wednesday downgraded Hero Honda to "sell" from "hold," citing execution risks relating to product development and branding for the company in the medium term.

At 2 pm (0830 GMT), shares in Hero Honda were trading 0.3% higher at Rs 1,522, while the main stock index was up 0.1%.

first published: Mar 9, 2011 03:09 pm

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