Name: Latest research reports of Hero MotoCorp Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Hero MotoCorp Ltd.
Rating: 4
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	23 Sep 2025	Hero MotoCorp	Consensus Share Price Target	5429.50	5222.49	-	-3.81	buy	pdf Detailed Estimates
	15 Aug 2022	Hero MotoCorp	ICICI Securities Limited Target	5429.50	3101.00	2761.90 (96.59%)	Target met	Accumulate	pdf post cache	Broker Report Margin headwinds receding; time to execute profitable growth ICICI Securities Limited Hero MotoCorp’s (HMCL) Q1FY23 EBITDA margin, at 11.2% (flat QoQ), missed consensus estimate of 12.5% and revenue of Rs 84bn, up 13% QoQ, was less than consensus estimate of Rs 87bn. pdf Copy Link Share on Share on Share on Share on Alert
	13 Aug 2022	Hero MotoCorp	ICICI Direct Target	5429.50	2925.00	2761.90 (96.59%)	Target met	Hold	pdf post cache	Broker Report Hero MotoCorp ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	13 Aug 2022	Hero MotoCorp	LKP Securities Target	5429.50	3226.00	2838.65 (91.27%)	Target met	Buy	pdf post cache	Broker Report HERO MOTOCORP LIMITED - Q1 FY23 Result Update LKP Securities pdf Copy Link Share on Share on Share on Share on Alert
	13 Aug 2022	Hero MotoCorp	Motilal Oswal Target	5429.50	3225.00	2817.00 (92.74%)	Target met	Buy	pdf post cache	Broker Report Miss led by lower incentives and higher RM cost Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	20 Jun 2022	Hero MotoCorp	Geojit BNP Paribas Target	5429.50	2592.00	2759.95 (96.72%)	Target met	Hold	pdf post cache	Broker Report HERO MOTOCORP LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Hero MotoCorp	Axis Direct Target	5429.50	3000.00	2501.65 (117.04%)		Buy	pdf post cache	Broker Report Result Update:Hero Motocorp Axis Direct We maintain a BUY rating on the stock given its reasonable valuations and revise our TP to Rs 3,000/share (Rs 3,150 earlier) to factor in near-term headwinds for the 2W industry. We value the stock at 15x FY24E EPS, implying a 24% upside from the CMP. pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Hero MotoCorp	Emkay Target	5429.50	2940.00	2470.30 (119.79%)		Buy	pdf post cache	Broker Report Hero Motocorp Emkay pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Hero MotoCorp	Emkay Target	5429.50	2940.00	2470.30 (119.79%)		Buy	pdf post cache	Broker Report Hero Motocorp Emkay pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Hero MotoCorp	Arihant Capital Reco Target	5429.50	2991.00	2470.30 (119.79%)		Buy	pdf post cache	Broker Report Hero Motocorp Arihant Capital pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Hero MotoCorp	IDBI Capital Target	5429.50	2872.00	2470.30 (119.79%)	Target met	Buy	pdf post cache	Broker Report Hero MotoCorp: Q4FY22 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
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62.37% Gain from 52W Low

Hero MotoCorp Ltd. share price target

Hero MotoCorp Ltd. has an average share price target of 5396.12. The consensus estimate represents a downside of -0.61% from the last price of 5429.50. View 14 reports from 8 analysts offering long-term price targets for Hero MotoCorp Ltd..

Margin headwinds receding; time to execute profitable growth

Hero MotoCorp

HERO MOTOCORP LIMITED - Q1 FY23 Result Update

Miss led by lower incentives and higher RM cost

HERO MOTOCORP LIMITED

Result Update:Hero Motocorp

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Hero MotoCorp: Q4FY22 Result Review

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