Sell AXIS Bank Ltd & Hero MotoCorp Ltd

Sell AXIS Bank Ltd & Hero MotoCorp Ltd

AXIS Bank Ltd (AXBK):

AXIS Bank Ltd (AXBK) has officially announced a consolidated income of Rs. 12,835.67 Cr for the quarter ended on 30-06-2020, which is -0.42%, down from its previous quarterly income of Rs. 12,889.52 Cr and 9.45%, up from its previous year same quarter income of Rs. 11,727.25 Cr. The firm has also announced its net profit after tax of Rs. 1,108.10 Cr in the most recent quarter.

Outlook:

AXIS Bank Ltd (AXBK) is a sell call with a target of Rs. 445.

Hero MotoCorp Ltd (HROM):

Hero MotoCorp Ltd (HROM) has officially announced a consolidated sales of Rs. 2,969.08 Cr for the quarter ended on 30-06-2020, which is 53.12%, down from its previous quarter sales of Rs. 6,333.51 Cr and 63.73%, down from its previous year same quarter sales of Rs. 8,185.66 Cr. The firm has also announced its net profit after tax of Rs. 56.38 Cr in the most recent quarter.

Outlook:

Hero MotoCorp Ltd (HROM) is a sell call with a target of Rs. 3,210.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

Related posts

Buy Tech Mahindra, Natco Pharma & Sell Hindalco Industries, JSW Steel

jabili

Buy Nifty 50, Nifty Bank & RCF Ltd

jabili

Top ‘Buy’ or ‘Sell’ ideas from experts for Monday 20 January 2020

jabili