ULJK Securities remains positive on Hero Honda Motors

ULJK Securities remained positive on Hero Honda Motors at the current market price of Rs 810.

The analysts at ULJK say that Hero Honda`s revenues were up 35.6% to Rs 3,2020 million in the second quarter, on account of increased distribution network, increased product line. During the quarter, the profit of the company rose 49.90% to Rs 3,063.00 million from Rs 2,043.30 million in the same quarter, previous year. The company reported earnings of Rs 15.34 a share during the quarter, registering 49.95% growth over prior year period. Its sales have increased in the deluxe and entry level segment; and its share in the premium bike segment has doubled to over 20%. More
Courtesy: indiacar.net

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