Hero Motocorp may go upto Rs 2200: Dharmesh Kant

Hero Motocorp may go upto Rs 2200, says Dharmesh Kant of Indianivesh Securities.

Kant told CNBC-Awaaz, "Investors should buy Hero Motocorp with a stoploss of Rs 2020. The stock is looking strong on chart. It can touch Rs 2200 in next 3-4 trading session."
The company's trailing 12-month (TTM) EPS was at Rs 99.86 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 20.75. The latest book value of the company is Rs 148.03 per share. At current value, the price-to-book value of the company was 14. The dividend yield of the company was 5.07%.