BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains hold on Hero MotoCorp
Edelweiss has maintained hold on Hero MotoCorp for target price of Rs 3,960. It says Hero MotoCorp's (HMCL) Q1FY18 EBITDA of Rs 1,290 crore (up 5.4% YoY) surpassed their estimate by 2.7% due to the gross margin beat, as price hikes helped offset higher commodity and BS-IV transition costs.