19 April, 2014 02:13 IST
News
Emkay upgrades Hero Motocorp to `Accumulate`
Source: IRIS Exclusive (20-MAR-12)
Comments  |  Post Comment

Emkay Global Financial Services has upgraded Hero Motocorp to `Accumulate`  with a price target of Rs 2,245 in its report dated Mar. 19, 2012. The broking house gave the following rationale:

We expect  Haridwar  to contribute 31%  in  FY13. This can potentially add 40 bps to EBITDA margins and 3.4% to its EPS to Rs 144.8.

We upgrade our rating on Hero Motocorp to Accumulate from Hold earlier. We maintain our target PE multiple at 15.5x FY13 estimates. Thus our target price is revised upwards to Rs 2,245 from Rs 2,170 earlier. This implies an upside of 15% from current levels of Rs 1,955.

Click here to view full report

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



Hero Motocorp Limited   (Q,N,C,F)*


Live News
Reliance reports marginal increase in Q4 profit - 18-Apr-2014 18:17
Syntel first quarter profit beats forecast - 18-Apr-2014 18:06
DSP BlackRock Mutual Fund: What's in, what's out in March - 18-Apr-2014 16:37
CARE assigns ' BBB (SO)' to Jet Airways - 18-Apr-2014 16:17
CARE reaffirms 'BBB+ (Is)' to Ashiana Housing - 18-Apr-2014 16:10
CARE reaffirms 'AA+' to M&M - 18-Apr-2014 16:05
Chakan plant workers stoppage work is not strike: Bajaj Auto - 18-Apr-2014 15:57
US stock futures signal higher Wall Street open - 18-Apr-2014 15:52
ICICI Prudential AMC launches dividend yield equity fund - 18-Apr-2014 15:52
FIIs cut stake in SAIL during March quarter - 18-Apr-2014 15:25
Asian stocks end higher - 18-Apr-2014 14:52
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   2rkjty into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer