Reuters Market Eye - Shares in Hero MotoCorp
The investment bank cites caution about the company's near-term outlook given an expected slowdown of sales in the domestic two-wheeler market, though still likes the stock on a medium-term basis.
"For Hero, almost the entire growth in despatches since Jan has been a function of it building inventory; hence with little scope for further inventory increase, despatches will track retail volumes and remain weak," Credit Suisse says in a note dated on Thursday.
