|
11 Sep 2025 |
Hero MotoCorp
|
Consensus Share Price Target
|
5302.00 |
5099.26 |
- |
-3.82 |
buy
|
|
|
|
|
11 Feb 2024
|
Hero MotoCorp
|
Prabhudas Lilladhar
|
5302.00
|
5150.00
|
4908.85
(8.01%)
|
Target met |
Accumulate
|
|
|
|
|
07 Nov 2023
|
Hero MotoCorp
|
Geojit BNP Paribas
|
5302.00
|
3367.00
|
3130.25
(69.38%)
|
Target met |
Hold
|
|
|
|
|
03 Nov 2023
|
Hero MotoCorp
|
Axis Direct
|
5302.00
|
3370.00
|
3089.40
(71.62%)
|
Target met |
Buy
|
|
|
We have BUY on the stock
|
|
02 Nov 2023
|
Hero MotoCorp
|
SMC online
|
5302.00
|
|
3052.10
(73.72%)
|
|
Results Update
|
|
|
|
|
02 Nov 2023
|
Hero MotoCorp
|
ICICI Securities Limited
|
5302.00
|
3431.00
|
3052.10
(73.72%)
|
Target met |
Accumulate
|
|
|
Hero MotoCorp’s (HMCL) Q2FY24 EBITDA margin was up 260bps YoY/30bps QoQ, at 14.1%, driven by lower commodity costs, product mix and cost savings with margins for ICE business at ~15%. HMCL maintains its margin guidance of 14-16%, despite the rising scale of EVs in the quarters to come.
|
|
18 Sep 2023
|
Hero MotoCorp
|
Sharekhan
|
5302.00
|
3629.00
|
3061.85
(73.16%)
|
Target met |
Buy
|
|
|
|
|
16 Aug 2023
|
Hero MotoCorp
|
Geojit BNP Paribas
|
5302.00
|
3176.00
|
2981.75
(77.82%)
|
Target met |
Hold
|
|
|
|
|
14 Aug 2023
|
Hero MotoCorp
|
Axis Direct
|
5302.00
|
3150.00
|
3010.65
(76.11%)
|
Target met |
Hold
|
|
|
Recommendation: Market share gain through new launches remains critical for valuation rerating, post the recent run-up in prices. Our TP implies 5% upside from the CMP and as a result, we revise our rating from BUY to HOLD.
|
|
14 Aug 2023
|
Hero MotoCorp
|
SMC online
|
5302.00
|
|
3010.65
(76.11%)
|
|
Results Update
|
|
|
|
|
12 Aug 2023
|
Hero MotoCorp
|
ICICI Securities Limited
|
5302.00
|
3431.00
|
2998.20
(76.84%)
|
Target met |
Accumulate
|
|
|
Hero MotoCorp’s (HMCL) Q1FY24 EBITDAM was up 250bps YoY / 70bps QoQ at 13.8% (consensus: 13.2%). The beat was driven by lower commodity costs, price increases and cost savings with margins (for ICE business) back to FY19 levels of 14.5%.
|