This stock doubled its money in one year, brokerage opinion – invest two bucks, profit will be made.

New Delhi. Shares of Hero MotoCorp, the country’s leading two-wheeler manufacturing company, have returned 103 percent to investors in the past one year. The multi-beagger’s share closed at Rs 4,698.15 (Hero Moto Corp share price) on the NSE last trading session i.e. Friday, up 3.94%. This stock still has a lot of power left and if it is still invested, this auto stock can give investors good returns in the future. This is what brokerage firm Sharekhan has to say. Assigning a ‘buy’ rating to Hero MotoCorp stock, the brokerage said Hero MotoCorp’s management expects the two-wheeler industry to witness double-digit revenue growth in FY2025. This development will benefit the company.

Sharekhan recommends buying shares of Hero MotoCorp based on good recovery in EBITDA margin, good response to the company’s products, continued focus on premiumization and EV expansion. However, the brokerage has kept the target price unchanged at Rs 6,057 per share.

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Money doubles in a year.
Hero MotoCorp shares have doubled investors’ money in a year. On March 27, 2023, the price of this share was Rs.2308.60 which has now increased to Rs.4698.15. Meaning, if an investor invested Rs 1 lakh in this share a year ago and still has the investment, today his investment is worth Rs 203,506.

In the last one month, the shares of Hero MotoCorp have increased by about four and a half percent. Likewise, this auto stock has gained nearly 58% over the past six months. So far in the year 2024, the stock has given investors a return of 14%.

The share of promoters is 34.76%.
As of the end of December 2023, promoters held 34.76 percent and the public 65.24 percent in Hero MotoCorp, according to BSE data. Hero MotoCorp has a market cap of over Rs 93,600 crore on BSE. The stock’s 52-week high is Rs 4,979.95, which was recorded on February 12, 2024. The stock’s 52-week low is Rs 2,246.75, which the stock touched on March 28, 2023.

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

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