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    Buy Hero MotoCorp, target price Rs 3000: Motilal Oswal

    Synopsis

    Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 54269.72 Crore) operating in Auto sector.

    Hero MotoCorpAgencies
    Promoters held 34.77 per cent stake in the company as of 30-Sep-2022, while FIIs owned 42.92 per cent, DIIs 12.55 per cent.
    Motilal Oswal has buy call on Hero MotoCorp with a target price of Rs 3000. The current market price of Hero MotoCorp is Rs 2727.5.

    Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 54269.72 Crore) operating in Auto sector.

    Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Other Operating Revenue, Sale of services and Duty Drawback for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 9252.22 Crore, up 8.81 % from last quarter Total Income of Rs 8503.07 Crore and up 6.39 % from last year same quarter Total Income of Rs 8696.80 Crore. Company reported net profit after tax of Rs 706.37 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 34.77 per cent stake in the company as of 30-Sep-2022, while FIIs owned 42.92 per cent, DIIs 12.55 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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