Hero MotoCorp operating profit may lag estimates
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Hero MotoCorp to report operating profit of Rs 790 crore for the quarter.
July 24, 2013 / 12:36 IST
Hero MotoCorp may miss the consensus forecast for the April-June quarter operating profit when it reports results later in the day, according to Thomson Reuters StarMine data.
Also Read: Bajaj Auto sees India mkt pickup in H2; export target cutStarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Hero MotoCorp to report operating profit of Rs 790 crore for the quarter, compared with a consensus mean estimate of Rs 813 crore.Hero MotoCorp shares were down 0.37 percent at 11:53 a.m., compared with a 1.8 percent fall in the Nifty. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!