HEROHONDA stock quotes on 1ka10.com

Hero Honda Motors for 12 month target of Rs 920.We expect a 19% CAGR in HH?s EPS from FY08-11ii and hence revise our target multiple from 12x to 13x. We value the stock at 13x FY10ii EPS and revise our target price to Rs 920 from Rs 795. We upgrade the stock to ADD. The key risk to our call is that any worsening in the competitive scenario could result in aggressive discounts, putting margins under pressure,.NS