Prabhudas Lilladher recommended accumulate rating on Hero Motocorp with a target price of Rs 3824 in its research report dated September 10, 2018.
Growing popularity in sport and performance bikes and rising disposable incomes in India's middle-class has led to increased sales in motorcycles, with engine capacities of 200cc and above
The company had sold 678,797 units of motorcycles and scooters in August 2017, Hero MotoCorp said in a statement.
Marking the company’s re-entry into the premium motorcycle segment, the Xtreme 200R is the first among the new range of Hero’s premium motorcycles that are slated for launch this year
Kotak Securities recommended accumulate rating on Hero MotoCorp with a target price of Rs 3473 in its research report dated 06 Aug 2018.
The normal monsoon in most parts of the country and the consequent agricultural harvest will keep the sentiments buoyant and help maintain the momentum.
Prabhudas Lilladher recommended accumulate rating on Hero Motocorp with a target price of Rs 3824 in its research report dated July 26, 2018.
Dolat Capital recommended Accumulate rating on Hero Motocorp with a target price of Rs 3488 in its research report dated July 26, 2018.
The 223 cc engine churns out 20 PS and 19.7 Nm of torque is on par with most of its modern competitors.
Strong leadership in two-wheeler segment, revival riding on rural growth, a slew of new launches, structural changes from an upcoming product rejig, focus on exports market and reasonable valuations make it a stock worth accumulating for long-term investors.
Hero Motocorp has reported a sales total income from operations of Rs 8,809.82 crore and a net profit of Rs 909.17 crore for the quarter ended Jun'18
Brokerage houses turned cautious on 2-wheeler space and feel the competition is likely to intensify and the decision could lead to a price war in the mass market 2-wheeler.
Net Sales are expected to increase by 14.7 percent Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 9,141.3 crore, according to ICICI.
Net Sales are expected to increase by 14.1 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs. 9,096.3 crore, according to Kotak.
Vikas Jain of Reliance Securities said the index will find support at its 20-day moving averages placed at 10,800 levels
In the April-June quarter of last fiscal, Hero had sold 18,11,343 units as compared to 14,78,478 units of HMSI, a gap of 3,32,865 units.
Riding on the robust growth in the Central American Cluster (CAC) and Bangladesh, Hero MotoCorp had posted 12.28 per cent growth in global sales at 2,04,484 units in 2017-18 as against 1,82,117 units in 2016-17.
The risks to growth are increasingly real now, said Antonio Fatas, a Singapore-based economics professor at global business school INSEAD.
The country's largest two-wheeler maker Hero MotoCorp has increased its lead over rival Honda Motorcycles and Scooters India (HMSI) to over 2.15 lakh units in the first two months of the current fiscal
The scooters have been designed with quick acceleration, high storage space and new features like park assist, remote diagnostics, and on-board navigation.
The charging stations will be backed by a cloud-based mobile app to help vehicle owners navigate to the nearest charging stations.
HDFC Securities is bullish on Hero MotoCorp has recommended buy rating on the stock with a target price of Rs 4403 in its research report dated May 03, 2018.
Prabhudas Lilladher recommended accumulate rating on Hero MotoCorp with a target price of Rs 3980 in its research report dated May 02, 2018.
Edelweiss recommended hold rating on Hero MotoCorp with a target price of Rs 4061 in its research report dated May 02, 2018.