Get App


Associate Partners

Last Updated : Apr 29, 2019 01:31 PM IST | Source:

Hold Hero MotoCorp; target of Rs 2800: Sharekhan

Sharekhan recommended hold rating on Hero MotoCorp with a target price of Rs 2800 in its research report dated April 26, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Hero MotoCorp

Subdued volume growth coupled with margin pressures to lead to muted 1% earnings growth over FY2019-2021. We have cut FY2020 estimates by 6% to factor earnings pressure. We rollover our valuation multiple to FY2021 estimates.


We retain Hold rating on the stock with an unchanged PT of Rs. 2,800. Hero MotoCorp (Hero) Q4FY2019 results met our modest expectations.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on Apr 29, 2019 01:31 pm
More From
Follow us on
Available On
PCI DSS Compliant