Free Intraday Tips: Hero Motocorp Q3 profit
Free Intraday Tips BUY CENTURYTEX FUTURE
ABOVE 1000.00
Target1- 1003.00
Target2- 1008.00
StopLoss- 994.00.
OUR FULL TG-1008.00 HAS ACHIEVED, BOOK PROFIT 40000/- IN JUST 5 LOTS.
Hero Motocorp Q3 profit seen down 16% on demonetisation
Two-wheeler maker Hero Motocorp's quarterly earnings are expected to be weak due to demonetisation. Profit is seen falling 15.8 percent year-on-year to Rs 675.2 crore and revenue may decline 13.2 percent to Rs 6,328 crore in the quarter ended December 2016, impacted by lower sales volumes.
High commodity costs, advertising spends and weak operating leverage, also increase in incentives due to festive season may put pressure on margin.
The stock has recovered 13 percent from demonetisation low. Analysts say Hero is expected to be the biggest beneficiary of the recovery in rural India and return of cash once it comes about.
