OnlineEquityCalls.com

Line Break

Hem Securities has recommended a buy rating on Hero Honda Motors with a target of Rs 1325 in its April 22, 2009 research report.

“Hero Honda Motors reported the net sales for the company jumped to Rs 123568.80 million for the FY09 as against the net sales of Rs 103318.00 million for the FY08 with the growth rate of 19.60% for the year. The net profit for the company stood at Rs 12817.60 million for the FY09 versus the net profit of Rs 9678.80 million for the FY08 with the growth rate of 32.43% as compared to 12.82% for FY08.”

“The outlook for the company is looking very bright, as it soon found itself with a 48% market share in the 7-million-units-a-year Indian two-wheeler market. We initiate a ‘BUY’ signal on the stock at the current levels with a target of Rs 1325 in the medium -term investment horizon with an appreciation of 22.46%,” says Hem Securities’ report.

Subscribe to my newsletter filling the form below. I'll try to make you happy.

Your E-mail :
Your Name :
	Subscribe

Related Posts :

• OnlineEquityCalls.com Visit Site www.niftybigbull.com
• NIFTY FUT : JAN carry over FEB OUR HOLD SELL POSITION LEVEL 5295 STOPLOSS 5360.
• NIFTY FUT : JAN carry over FEB OUR HOLD SELL POSITION LEVEL 5295 STOPLOSS 5360.
• NIFTY FUT : JAN OUR HOLD SELL POSITION LEVEL 5295 STOPLOSS 5360.
• NIFTY FUT : JAN OUR HOLD SELL POSITION USE TWO LEVEL 5295 OR 5340 STOPLOSS 5360.
• STOCK UPDATE : Patels Airtemp India
• BUY EASTERN SILK INDUSTRIES Ltd. At 13.5/- With target of 19/- & 25/- Immediatly
• BUY EASTERN SILK INDUSTRIES Ltd. At 13.5/- With target of 19/- & 25/- Immediatly
• BUY EASTERN SILK INDUSTRIES Ltd. At 13.5/- With target of 19/- & 25/- Immediatly
• Heard on the Street