Hero MotoCorp share price: Buy Hero MotoCorp, target price Rs 3700: Emkay

Emkay Global Financial Services has a buy call on Hero MotoCorp Ltd. with a target price of Rs 3700. The current price of Hero MotoCorp Ltd. is Rs 2483.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large-Cap company (with a market cap of Rs 49548.96 Crore) operating in Auto sector.

Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Other Operating Revenue, Sale of services and Duty Drawback for the year ending 31-Mar-2021.



Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 8696.80 Crore, up 53.97 per cent from last quarter Total Income of Rs 5648.20 Crore and down -9.48 per cent from last year same quarter Total Income of Rs 9607.25 Crore. Company has reported net profit after tax of Rs 810.73 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 34.76 per cent stake in the company as of 30-Sep-2021, while FIIs owned 45.23 per cent, DIIs 9.02 per cent.

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