Results for: Hero MotoCorp

Hero MotoCorp, a leading two-wheeler manufacturer in India, has announced an increase in ex-showroom prices for selected motorcycles and scooters, effective from July 1st. The price hike, which will vary by model and market, is attributed to rising input costs. Despite the price increase, Hero MotoCorp experienced a decline in sales for motorcycles and scooters in May 2024 compared to the previous year, though export sales witnessed a significant surge.

Hero MotoCorp shares saw a significant boost on Thursday after Emkay Global Financial Services upgraded the stock’s rating to ‘Buy’ from ‘Reduce’ and raised its target price from 4,800 to 5,100. The brokerage believes Hero MotoCorp shares are currently undervalued compared to its peers and remain attractively priced.