Buy Hero MotoCorp, target price Rs 3042: ICICI Securities

has buy call on Hero MotoCorp with a target price of Rs 3042. The current market price of is Rs 2518.25. Time period given by analyst is one year when . price can reach defined target.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 49967.97 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-2021.



Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 7627.99 Crore, down -6.21 % from last quarter Total Income of Rs 8133.30 Crore and down -12.90 % from last year same quarter Total Income of Rs 8758.01 Crore. Company reported net profit after tax of Rs 640.87 Crore in latest quarter.

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Promoter/FII Holdings
Promoters held 34.75 per cent stake in the company as of 31-Mar-2022, while FIIs owned 43.02 per cent, DIIs 10.44 per cent.

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