A sharp bull trend has been seen today at opening of the market. From the opening bell sensex is remains up with more then 300 points and continuously going on. While Nifty is trading above the level of 7800 continuously. Sensex is currently trading at a level of 25575 with gaining 347 points. Nifty also rose 103 points and trading at 7836 levels.
Hot Stock To Buy: Hero MotoCorp
Country’s largest two-wheeler maker Hero MotoCorp’s fourth Quarter results were marvelous, Profit has been rose 71 per cent to Rs 814 Crore. Last year the net profit was Rs 476 crore in the same period. The rapid growth in sales is the only reason reported for record profits.
Hero MotoCorp’s total sales during March quarter ended has been incresed by 10 per cent to Rs 7385 crore. Last year company’s total sales in the same quarter was Rs 6695 crore. During the quarter, the company had sold a total of 17.21 million vehicles. The figure is the highest for any quarter sales.
The net profit for 2015-16 increased by 32 per cent over the previous year’s Rs 3132 crore. In 2014-15, the company’s net profit stood at Rs 2386 crore. Thus the stocks is in a buying range for short term trading. We suggest Hero Motocorp as Stock to buy.
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