He lauded the Modi government’s work since 2014 as it has taken India to the table of global leadership.

India Today Conclave 2023: Feeling inspired after PM Modi’s speech, says Hero MotoCorp Chairman Pawan Munjal

Broker’s call: Hero MotoCorp (Buy)

Anand Rathi is bullish on Hero MotoCorp has recommended buy rating on the stock with a target price of Rs 2855 in its research report dated March 16, 2023.

Buy Hero MotoCorp; target of Rs 2855: Anand Rathi

Hero MotoCorp vs TVS Motor: Hero MotoCorp has slumped 12.44 per cent on a year-to-date (YTD) basis, underperforming benchmarks BSE Sensex’s 5.90 per cent decline so far this year. TVS Motor has slipped 4.01 per cent in a year, lower than the 30-share BSE pack’s drop in 2023 so far

Hero MotoCorp vs TVS Motor: Which two-wheeler maker can deliver better returns?

IndusInd Bank, Infosys, Tata Motors, M&M and Hero MotoCorp were among the top losers on NSE.

Stock market update: Stocks that hit 52-week lows on NSE

Stocks to watch out for today: Adani Group, Zee Entertainment, Hero MotoCorp, Wipro, Power Grid, LTIMindtree and more

Stocks in news: Adani Group, Hero MotoCorp, Wipro, Power Grid, LTIMindtree and more

In September, the board of Hero MotoCorp had approved equity investment of up to $60 million in Zero Motorcycles

Hero MotoCorp signs pacts with US-based Zero Motorcycles to collaborate on premium electric motorcycles

Hero MotoCorp Super Splendor XTEC also offers Bluetooth connectivity with call and SMS alerts. The LED Headlamp comes with a high-intensity position lamp and new dual-tone stripes

Hero MotoCorp launches Super Splendor XTEC with new tech and features; check price, other details

Appealing to the ever-evolving requirements of youngsters, the new motorcycle packs a SUPER punch with its style, connectivity and convenience features. Already loaded with SUPER Power, SUPER Mileage and SUPER comfort, the new variant now elevates

Hero MotoCorp launches 125 cc Super Splendor XTEC

Two of country’s top three listed bike makers TVS Motor Company and Hero MotoCorp beat domestic sales estimates in February 2023 as chip supply shortages eased.

Retail vehicle sales up 16% in February 2023, festivals seen driving March 2023: FADA

Hero MotoCorp had in September 2022 approved an equity investment of up to USD 60 million in Zero Motorcycles.

Hero MotoCorp zooms after EV deal with US-based Zero Motorcycles

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Hero MotoCorp Limited is a two-wheeler manufacturer. The Company manufactures and sells motorized two wheelers up to 350 cubic centimeters (cc) engine capacity, spare parts and related services.