What should you do post earnings of LIC, ONGC, Hero MotoCorp?

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Major companies including LIC, Hero MotocCorp and ONGC have reported their Apr-Jun 22 quarterly earnings. We take a look at the earnings, and what analysts have to say.

LIC earnings: Highlights

LIC earnings: Analysts’ review

  • Analysts have given a positive review to LIC post Apr-Jun 22 quarter.
  • LIC has all the levers in place to maintain its industry-leading position and ramp up growth in the highly profitable product segments, noted Motilal Oswal.
  • Motilal Oswal expects LIC’s VNB margin to improve to 14.6% by FY24.
  • Motilal Oswal has a ‘Buy’ rating on the shares with a target price of Rs 830.
  • LIC entered the Fortune 500 list for the first time ever and was ranked at 98, ahead of Reliance Industries at 104.

ONGC Q1 earnings highlights

ONGC earnings: Analysts’ review

  • Analysts noted that ONGC has delivered earnings above estimates aided by high realizations during the quarter.
  • Motilal Oswal noted that the prevailing strength in crude oil prices warrants a raise in its FY23/FY24 realization estimate, after factoring in the impact of the windfall tax.
  • Morgan Stanley has an ‘Overweight’ rating with a target price of Rs 177. Motilal Oswal has a Buy rating with a target price of Rs 177.

Hero MotoCorp Q1 earnings

Hero MotoCorp: Analysts review

  • Analysts have given a mixed review post Hero MotoCorp’s June quarter earnings.
  • CLSA noted that the margins came in below estimates hurt by raw material pressures.
  • Management remains positive on growth in the second half, given a focus on premiumisation. CLSA has lowered target price to Rs 2,962.
  • Goldman Sachs has retained a ‘Sell’ rating with a target of Rs 2,150.
  • What are analysts saying post LIC earnings?

  • What is the target price for LIC?

  • What are analysts saying after Hero MotoCorp's earnings?

  • What is the target price for Hero MotoCorp?

  • What are analysts saying post earnings of ONGC?

  • What is the target price for ONGC after earnings?

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