Thursday 2 October 2008

Hero Honda has target of Rs 950-1000

Hero Honda Motors has a target of Rs 950-1000 (6-12 months perspective) according to Mr Rahul Mohindra of Viratechindia.

Mohindar told CNBC-TV18, "Hero Honda-we have a very good trend which has emerged. It has been an outperformer. If you look at the charts it has been one stock which is languishing at highs instead of lows. So very interesting move. My sense is that if you are looking at this from at least a six month perspective something like six-twelve months, you are in this stock for at least four digits. My guess is Rs 950-1,000 could be a possible price target for this and it is really an investment play here."

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