BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Hero MotoCorp
Hero posted above-expected EBITDA margins of 16.6 per cent in the June quarter on account of lower other expenses. Adjusted net profit also beat estimates on a better operating performance. Hero expects strong volume growth for the rest of FY17 as rural demand picks up due to above-normal monsoons this year.