Herohonda - The stock has shown good resistance against the bear market and has corrected very recently. The stock can go to more than 1000 with a good support at 650-675 levels. The company has a zero debt balance sheet and 2000 cr surplus* , plus they are the number one 2 wheeler selling company in India with an extensive distribution network.
Sun Pharma - The stock has corrected almost similar with the markets but have not fallen like the other pharma companies. It has got good long term support at 1100 - 1050 levels. The companys robust balance sheet with more than 1200 cr cash* will keep it in good stead against it competitors. Revenue stream coming in from life style segment which is having a 20% growth YoY. The stock can go to 1600-1700 levels soon.
* Source DSP Black Rock
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The data does not constitute an offer to buy or sell any securities mentioned herein. While utmost care has been taken in preparing the above. We claim no responsibilty for its acuuracy. We shall not be liable for any direct or indirect losses arising from the use thereof and the investors are requested to use the information contained herein at their own risk.