Rating agency, ICRA Equity Research has assigned fundamental grade of 5/5 for Hero Motocorp indicating strong fundamentals. The rating agency has retained the fundamental grade of 5/5 assigned to the company, considering the two-wheeler (2W) industry’s steady growth prospects over the medium term in relation to other automobile segments, the strong brand equity enjoyed by the company’s select models and the company’s established supply chain, distribution channel and scale economies.
The company’s net profit for the third quarter ended December, 2011 has increased by 43% at Rs 613 crore against Rs 429 crore for the corresponding quarter last year. Total income has increased 17% to Rs 6,108 crore for the quarter under review from Rs 5,224 crore for the same quarter a year ago.
Company Name | CMP |
---|---|
Bajaj Auto | 9943.00 |
Hero MotoCorp | 5787.50 |
TVS Motor | 2502.40 |
Eicher Motors | 4925.75 |
Atul Auto | 554.80 |
View more.. |