Hero Moto: Hero Moto a buy for BofA on strong rebound prospects

[ad_1] MUMBAI: Bank of America Securities has upgraded from ‘neutral’ to ‘buy’ and increased target price From ₹2,700 to ₹3,000 on the expectation of a strong rebound in volumes in the current fiscal. Hero MotoCorp shares closed 6% higher at Rs 2,674.10 on Thursday. financial services firm Better to base your estimates on improving demand for the two wheeler industry the supply chainHigh rural exposure and scope for channel restocking with existing inventory in six weeks – less than the normal 8-10 weeks of inventory for the festive season. “Given…