Buy Hero MotoCorp, target price Rs 3283: ICICI Direct

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Buy Hero MotoCorp, target price Rs 3283:  ICICI Direct


ICICI Direct has buy call on Hero MotoCorp with a target price of Rs 3283. The current market price of Hero MotoCorp Ltd. is Rs 3272.05.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 65295.04 Crore) operating in Auto sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 9473.32 Crore, up 219.07 % from last quarter Sales of Rs 2969.08 Crore and up 23.67 % from last year same quarter Sales of Rs 7660.27 Crore Company reported net profit after tax of Rs 950.85 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 34.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 33.3 per cent, DIIs 22.9 per cent and public and others 9.1 per cent.





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