29-Oct-2026 07:35:10

JPMORGAN ON HERO MOTOCORP ; OVERWEIGHT | TP ₹6,845

• JPMorgan maintains Overweight rating on Hero MotoCorp with a target price of ₹6,845. • Q2 revenue UP 21% YoY; EBITDA UP 8% YoY, beating estimates. • EBITDA margin at 13.4%; adjusted net profit UP 5% YoY but misses estimates. • Better gross margins support earnings despite cost pressures. • Commodity costs and future growth outlook remain key factors to monitor.

HERO MOTOCORP LIMITED

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