Automobile · HMCL
Auto - 2 & 3 Wheelers
from 5,725 today
Strong domestic demand is aiding robust financials, while operational efficiency and price hikes will ease the effect of raw material cost inflation. We maintain a Buy rating with a price target of Rs. 6,700.
Hero MotoCorp's 1QFY27 PAT beat estimates due to a healthy margin performance aided by strong control in other expenses. We reiterate our BUY rating with a TP of INR6,560.
Hero MotoCorp reported revenue, EBITDA, and adj. PAT ahead of estimates in 1QFY27, driven by a favorable product mix, price hikes, PLI incentives, and higher exports. Management is focused on expanding the premium motorcycle and EV segments, prompting us to maintain our HOLD rating with a revised target price of INR 6,210.
Hero MotoCorp's 1QFY27 PAT beat estimates due to healthy margin performance, aided by strong control in other expenses. We reiterate our BUY rating with a TP of INR6,560.
We maintain our BUY rating on Hero MotoCorp Ltd with a target price of Rs 6,500, supported by reasonable valuations, capacity expansion in high-growth segments, strong demand momentum, and margin recovery.
HMCL reported strong Q1FY27 standalone numbers, beating estimates on all fronts. Revenue was driven by better mix and pricing, while cost savings and operating leverage helped partially mitigate some of the commodity headwinds.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
