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Stocks

Hero MotoCorp Q2 EPS up 19%

Hero MotoCorp (earlier Hero Honda) has announced decent results with a revenue growth of 28%, and EPS growth of 19.39%.

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After a slowdown of sorts in the 2010 timeframe, growth has come back. The company is reasonably valued – at the price of Rs. 2085, they get a  P/E of 20, which is close to their EPS growth. The trailing twelve month (TTM) EPS hasn’t grown much though, a matter of concern.

Disclosure: I have long positions.