Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
3153.95
Change Change %
42.50 1.37%

Updated:19 Sep, 2018, 15:59 PM IST

BSE
3142.35
Change Change %
30.70 0.99%

Updated:19 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
UBS
N/A
31-03-2016 Sell 2960.00 2300.00
N/A
Closed Long (1Y)
31-03-2017

UBS maintains sell on Hero MotoCorp

UBS has maintained sell on Hero MotoCorp for target price of Rs 2,300 per share. It says EBITDA margin to decline 280 basis points by FY19 and sees only 4 per cent EPS CAGR over FY16-19. UBS adds that very strong revival in rural demand is unlikely and stock is trading expensive at 17 times FY17 price to earnings ratio. It says Hero is the least preferred stock for India strategy team.

Top