Hero MotoCorp Ltd.

NSE: HEROMOTOCO | BSE: 500182 | ISIN: INE158A01026 | Industry: 2/3 Wheelers
| Mid-range Performer
4268.0000 89.10 (2.13%)
NSE Jun 06, 2025 15:31 PM
Volume: 551.5K
 

logo
Hero MotoCorp Ltd.
21 Feb 2020
4268.00
2.13%
HDFC Securities
While the customer acceptance of the new products in the white spaces' will be gradual, we re-iterate BUY as Hero has successfully defended market share in the 2W segment in the current downturn. We value the stock at 16x Dec-21 EPS, in-line with its average trading multiple. Management laid out the road map at the CIT (Center of Innovation) visit. CIT is gradually ramping up (since its commencement in 2016) and has helped reduce lead times for new product development by 25%. Hero has invested $600mn in R&D; over the last few years, which is now bearing fruit. With the launch of the Xtreme 160cc bike, Hero will now address 96% of the Indian 2W market and compete effectively in the premium segment.
Geojit BNP Paribas decreased Buy price target of Hero MotoCorp Ltd. to 4865.0 on 27 May, 2025.
More from Hero MotoCorp Ltd.
Recommended