HERO HONDA

Hero Honda
(Ticker Code: 500182,)
A knowledgeable observer of the two-wheeler industry is of the view that this is the right time to enter Hero Honda, the scrip which has seen better days, has come down substantially following the marked slowdown in demand. The news of the manufacturers cutting down production in view of huge inventory with the dealers has further unnerved the markets. The observer feels that once the festive season starts and the finance companies coupled with dealers and manufacturers come out with new schemes, the demand will be picking up once again. He opines that it’s a good bet with one year horizon.
(FV Rs 2, H/L Rs 808/565, CMP Rs 672)