For HM, consecutive closing above 2870-2910 zone,
target may be around 3300-3500;
target may be around 3300-3500;
Otherwise, it will be weak and below 2800,
can fall towards 2725-2450 area
can fall towards 2725-2450 area
Staggered nature of 7-PC and tepid consumer mood may
affect highly expected incremental sales growth, despite hopes of rural push
(Any possibility of bad monsoon this year will also affect sentiment)
Trading Idea:
CMP: 2806
Sell either below 2800 Or on rise around 2870-2910;
TGT: 2725*-2625-2570-2470*-2450 (1-3M)
TSL> 2940
Note: Consecutive closing (3 days) above 2940 for any reason, HM may further rally up to 3020-3110-3180-3270 & 3500 zone in the short to long term (alternative bullish case scenario)
As par BG metrics & current market scenario:
(based on TTM & projected FWD EPS with avg PE at 20)
Current median valuation of HM may be around: 2700 (FY:15/TTM)
Projected fair valuations might be around: 2860-3075-3315 (FY:16-18/FWD)
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | Low | High | Median | 200-DEMA | 10-DEMA |
| HEROMOTOCO | 139.95 | 327.58 | 20 | 2686.53 | 2709.97 | 2698.25 | 2578.58 | 2623.77 |
| HEROMOTOCO | 157.15 | 370.25 | 20 | 2846.84 | 2871.67 | 2859.25 | 2578.58 | 2623.77 |
| HEROMOTOCO | 180.75 | 418.45 | 20 | 3053.12 | 3079.76 | 3066.44 | 2578.58 | 2623.77 |
| HEROMOTOCO | 210.85 | 475.85 | 20 | 3297.56 | 3326.33 | 3311.94 | 2578.58 | 2623.77 |
Analytical Charts:
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