Hero MotoCorp gains 1%

February 28, 2018

As Nomura upgrade the stock to buy and raised target to Rs 4,149, there was gain of 1% in shares of Hero MotoCorp intraday.

Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and scooter manufacturer based in New Delhi, India.

On Tuesday, it was noted that the broking firm raised volume growth estimates for FY19/20 to 8.2 percent /14.2 percent. It estimates an EBITDA margin of 16.1 percent

It highlighted that the stock trades at an attractive 14.5x FY20e EPS.

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