Epic Research

Tuesday, April 2, 2013

Epic Update : Hero Motocorp

Stock TipsVery disappointing numbers, lower both YoY and MoM
YoY
Total sales down 11.3% at 4.68 lk vs 5.28 lk units ( exp 5.14 lk )
MoM
Total sales down 6.5% at 4.68 lk vs 5.01 lk
Stock has corrected in anticipation of crackdown, down 20% in last 3 months
CMP: 1533
Hit 52 WK LOW of 1515 on 28th March.

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