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15 Apr 2025 |
Hero MotoCorp
|
Consensus Share Price Target
|
3803.90 |
4797.54 |
- |
26.12 |
buy
|
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10 Feb 2025
|
Hero MotoCorp
|
Axis Direct
|
3803.90
|
5285.00
|
4196.45
(-9.35%)
|
38.94 |
Buy
|
|
|
We maintain our BUY rating on the stock.
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|
08 Feb 2025
|
Hero MotoCorp
|
BOB Capital Markets Ltd.
|
3803.90
|
4892.00
|
4274.65
(-11.01%)
|
28.60 |
Hold
|
|
|
Q3 revenue grew by ~5% YoY to Rs 102bn, driven by realisation gains as volume growth stayed muted owing to fierce competition
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07 Feb 2025
|
Hero MotoCorp
|
Emkay
|
3803.90
|
5600.00
|
4274.65
(-11.01%)
|
47.22 |
Buy
|
|
|
HMCL reported a healthy Q3 with 5% revenue growth led by higher ASPs as volumes were flat. Domestic 2W market share rose by 70bps QoQ to 28.7% (declined by 120bps YoY), aided by the festive season.
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07 Feb 2025
|
Hero MotoCorp
|
Prabhudas Lilladhar
|
3803.90
|
4736.00
|
4274.65
(-11.01%)
|
24.50 |
Accumulate
|
|
|
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|
10 Dec 2024
|
Hero MotoCorp
|
Sharekhan
|
3803.90
|
6057.00
|
4588.30
(-17.10%)
|
59.23 |
Buy
|
|
|
Hero MotoCorp Limited (HMCL) is strategically broadening its premium product portfolio by introducing new models and variants within its established brands. This move is aimed at enhancing brand recognition and establishing powerful brands in the premium segment.
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06 Dec 2024
|
Hero MotoCorp
|
Geojit BNP Paribas
|
3803.90
|
5269.00
|
4629.60
(-17.84%)
|
38.52 |
Buy
|
|
|
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|
27 Nov 2024
|
Hero MotoCorp
|
Ventura
|
3803.90
|
5704.00
|
4871.25
(-21.91%)
|
49.95 |
Buy
|
|
|
Demand recovery and diversification are key drivers
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|
18 Nov 2024
|
Hero MotoCorp
|
Axis Direct
|
3803.90
|
5845.00
|
4733.00
(-19.63%)
|
53.66 |
Buy
|
|
|
We maintain our BUY rating on the stock.
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|
18 Nov 2024
|
Hero MotoCorp
|
Prabhudas Lilladhar
|
3803.90
|
5162.00
|
4733.00
(-19.63%)
|
35.70 |
Accumulate
|
|
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14 Nov 2024
|
Hero MotoCorp
|
Sharekhan
|
3803.90
|
6057.00
|
4604.00
(-17.38%)
|
59.23 |
Buy
|
|
|
Underlying EBITDA margin in IC business expanded by 150 bps y-o-y to 16.5%. Management maintains its blended EBITDA margin guidance of 14-16%.
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21 Aug 2024
|
Hero MotoCorp
|
Geojit BNP Paribas
|
3803.90
|
5877.00
|
5284.70
(-28.02%)
|
Target met |
Buy
|
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|
15 Aug 2024
|
Hero MotoCorp
|
Emkay
|
3803.90
|
6350.00
|
5072.45
(-25.01%)
|
66.93 |
Buy
|
|
|
HMCL’s Q1 results were a miss (6% on EBITDA), largely dragged by lower ASPs due to subdued spare sales, though underlying ICE margins rose by 80bps QoQ to 16.4%.
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14 Aug 2024
|
Hero MotoCorp
|
Motilal Oswal
|
3803.90
|
5865.00
|
5072.45
(-25.01%)
|
Target met |
Buy
|
|
|
HMCL posted a disappointing operating performance in 1QFY25 mainly due to adverse mix and impact of higher spends on EVs.
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|
14 Aug 2024
|
Hero MotoCorp
|
Sharekhan
|
3803.90
|
6057.00
|
5072.45
(-25.01%)
|
Target met |
Buy
|
|
|
Hero MotoCorp Ltd (HMCL) has reported a miss in blended EBITDA margins due to a drag from EV business. EBITDA and APAT missed the estimates by 3.1% and 2.7% respectively.
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|
06 Jul 2024
|
Hero MotoCorp
|
Axis Direct
|
3803.90
|
6106.00
|
5558.05
(-31.56%)
|
Target met |
Buy
|
|
|
We recommend a BUY on the stock with a target price of Rs 6,106 /share, implying an upside of 10% from the CMP 5,551.
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|
02 Jul 2024
|
Hero MotoCorp
|
ICICI Direct
|
3803.90
|
6620.00
|
5567.10
(-31.67%)
|
74.03 |
Buy
|
|
|
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|
29 Jun 2024
|
Hero MotoCorp
|
Hem Securities
|
3803.90
|
6696.00
|
5603.10
(-32.11%)
|
76.03 |
Buy
|
|
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|
04 Jun 2024
|
Hero MotoCorp
|
Emkay
|
3803.90
|
6000.00
|
5310.70
(-28.37%)
|
Target met |
Buy
|
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|
We reiterate BUY on HMCL as a defensive pick with strong growth and re-rating triggers; HMCL trades at ~20x FY26E PER vs. ~26-30x for other 2Ws (~4% FY26E dividend yield).
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09 May 2024
|
Hero MotoCorp
|
ICICI Direct
|
3803.90
|
5600.00
|
4764.90
(-20.17%)
|
Target met |
Buy
|
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09 May 2024
|
Hero MotoCorp
|
SMC online
|
3803.90
|
|
4764.90
(-20.17%)
|
|
Results Update
|
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