Battery maker has steadily gained share in the automotive market over the past couple of years.
Analysts positive on improving quality of order book, fall in working capital needs.
Higher costs for marketing new launches and incentives may squeeze margins in near term.
Historically, 35-40 per cent of the company's annual revenue is realised in the fourth quarter.
The margins of automakers are likely to be under pressure in the second half owing to firming up of prices of steel, aluminium, copper and natural rubber.
PGCIL had given orders worth Rs 17,100 crore in the first six months of FY17.
The equity market mainly focused on the quality stocks between 2008 and 2013.
Indian stocks are trading at a 34 per cent premium to their 10-year average of 16.5.
Hero's volumes increased 6.2 per cent and 10.9 per cent, respectively.
Nifty should report earnings growth of 8.43 per cent and 16.93 per cent.
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