2025-09-16 10:02:41 am | Source: Choice Broking Ltd
Buy Hero MotoCorp Ltd for the Target Rs.5,350 by Choice Broking Ltd
View and Valuation:
HMCL is well-positioned to take advantage of the GST rate cuts benefitting ~93% of its portfolio. The entry level segment (below 110cc motorcycles), which has seen decline over the past few years, can see an uptick in volume due to these rate cuts. Consequently, we revise our FY27/FY28 EPS estimates upwards by 3.6%/5.4% and arrive at our target price of INR 5,350. We value the company at 17x (maintained) on the average FY27/28E EPS and change our rating to REDUCE from ADD.
Financials:
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