Buy Hero MotoCorp, target price Rs 5,285: Axis Securities
Axis Securities has a buy call on Hero MotoCorp with a target price of Rs 5,285. The current market price of Hero MotoCorp is Rs 3,690. Hero, incorporated in 1984, is a Large Cap company with a market cap of Rs 73499.83 crore, operating in the Auto sector.
Hero MotoCorp's key products/revenue segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Sale of services, Other Operating Revenue and Duty Drawback for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 10566.31 crore, down -1.45% from last quarter Total Income of Rs 10721.59 crore and up 5.33% from last year same quarter Total Income of Rs 10031.43 crore. The company has reported net profit after tax of Rs 1200.12 crore in latest quarter.
The company's top management includes Dr.Pawan Munjal, Mr.Rajnish Kumar, Air M'shal (Retd.)B S Dhanoa, Ms.Camille Tang, Ms.Tina Trikha, Mr.Pradeep Dinodia, Mr.Suman Kant Munjal, Ms.Vasudha Dinodia, Mr.Vikram S Kasbekar, Prof.Jagmohan Singh Raju. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2024, the company has a total of 20 Crore shares outstanding.
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