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Hero MotoCorp Q3 Results Review: Motilal Oswal Reiterates 'Buy' On The Stock — Here's Why
The stock looks attractive at ~17.4 times/16x FY26E/27E EPS, hence the brokerage reiterates Buy with a target price of Rs 5,000.
08 Feb 2025, 01:57 PM IST 
Hero MotoCorp revenue/Ebitda/adjusted PAT grew ~5%/8%/12% YoY to Rs 102 billion / Rs 14.8 billion/ Rs 12 billion (estimate Rs 101.3 billion/Rs 14.2 billion/Rs 11.2 billion)
(Photo Source: Company website)
On the back of its new launches, management expects Hero MotoCorp to post double-digit revenue growth for both FY25 and FY26E. Rural contribution increased by 3% during the festive period. The company expects this momentum to continue even in FY26, given positive rural sentiments.
