{"id":65193,"date":"2022-09-26T13:49:00","date_gmt":"2022-09-26T08:19:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=65193"},"modified":"2022-09-26T13:47:00","modified_gmt":"2022-09-26T08:17:00","slug":"fundamentally-strong-auto-stock-to-buy-for-a-huge-upside-potential","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fundamentally-strong-auto-stock-to-buy-for-a-huge-upside-potential\/","title":{"rendered":"Fundamentally strong auto stock to BUY for a huge upside potential"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1956548555\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Hero Motocorp Limited were trading lower by 1.8 per cent at Rs 2,707 levels in the early hours on Monday. In the past week, the shares have shed approximately 4 per cent. Over the last six months, the company has delivered a 15 per cent return to its investors.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-265600136\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The marginal drop can be attributed to the recent announcement made by the company about the price revision of the two-wheelers to meet the cost-push inflation. The revision will be up to Rs 1,000 and the exact quantum of increase will vary by model and market.&nbsp;<\/p><p>This comes after the two-wheeler manufacturer announced that it is going to Foray into the electric vehicle segment next month with the launch of its first model with the Vida brand. It has also partnered with Hindustan Petroleum Corporation Limited (HPCL) to establish charging infrastructure for electric vehicles.&nbsp;<\/p><p>Adding to the good news, the company has also announced that it is going to launch at least eight new models during the upcoming festive season.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3387946198\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Brokerage firm Sharekhan is bullish on the stock and has given a \u2018Buy\u2019 tag with a target price of Rs 3,210 per share which represents an upside of 19% from the current levels.&nbsp;<\/strong><\/p><p>In Q1FY23, the company earned a total revenue of Rs 8,447 crores which has increased from Rs 5,502 crores in the same quarter a year earlier. Their net profit doubled to Rs 606 in the quarter under review as compared to RS 392 crores in Q1FY22.&nbsp;<\/p><p>Hero MotoCorp Limited, formerly Hero Honda, is an Indian multinational motorcycle and scooter manufacturer. It is the world\u2019s largest manufacturer of 2 Wheelers, in terms of unit volumes sold by a single company.&nbsp;<\/p><p>The company is undervalued as the TTM PE is 20.37 compared to the sectoral PE of 25.66. The market capitalization of Hero Motocorp is at Rs 54,005 crores and its dividend yield stood at 3.51% as of September 26th.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-written-by-anoushka-roy\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1302899292\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Hero Motocorp Limited were trading lower by 1.8 per cent at Rs 2,707 levels in the early hours on Monday. In the past week, the shares have shed approximately 4 per cent. Over the last six months, the company has delivered a 15 per cent return to its investors.\u00a0 The marginal drop [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[1237,3167,990,4049,2917,3449,4776,4775],"class_list":["post-65193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-auto-industry","tag-auto-sales","tag-auto-sector-news","tag-auto-stock-to-watch","tag-auto-stocks","tag-auto-stocks-to-buy","tag-hero-motocorp","tag-hero-motocorp-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamentally strong auto stock to BUY for a huge upside potential - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/fundamentally-strong-auto-stock-to-buy-for-a-huge-upside-potential\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fundamentally strong auto stock to BUY for a huge upside potential\" \/>\n<meta property=\"og:description\" content=\"The shares of Hero Motocorp Limited were trading lower by 1.8 per cent at Rs 2,707 levels in the early hours on Monday. 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