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    HomeNewsBusinessStocksHold Hero MotoCorp; target of Rs 2800: Sharekhan

    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
    April 29, 2019 / 13:31 IST

    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.

    Outlook

    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 moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    Broker Research
    first published: Apr 29, 2019 01:31 pm

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