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Following an almost 76 percent rise in the stock in the last 1 year, domestic brokerage house Axis Securities has picked auto major Hero MotoCorp as its top pick of the week . ....
On the margin front, EBITDA rose by 2.5 percent or 250 basis points to 14 percent from 11.5 percent in the same period last year “aided by commodity costs, leap savings, premiumisation and judicious price changes”. ....
Hero Electric has urged the government to resolve the ongoing dispute concerning the Rs 140 crore penalty imposed by the Ministry of Heavy Industries (MHI). ....
The brokerage recommends buying Hero Moto in cash at ₹3,170 and add up to ₹3,080 for a target price of ₹3,620 for a duration of 1-3 months. This target indicates an upside of 14.5 percent. ....
“In the meantime, the parties will try and explore possibilities of compromise. Counsel for respondent 2 (Brains Logistics Private Limited) states that he will seek instructions regarding compromise,” Justice Sharma said. The order came in the company’s plea seeking quashing of the FIR and the MM’s order. ....