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What's driving volume upgrade for Hero MotoCorp

What's driving volume upgrade for Hero MotoCorp
What's driving volume upgrade for Hero MotoCorp
The pie of the entry level bikes—a forte of the Hero MotoCorp—is rising in total motorcycle volume following the preference for personal transport.

Synopsis

The brokerages have raised their price targets after the June quarter earnings, but the degree of bullishness on the stock may lessen due to expanding premium valuation compared with its long-term average.

ET Intelligence Group: The resilience of the key financial parameters in a tough June quarter is likely to maintain outperformance of the Hero MotoCorp, India’s largest bike maker, in the near-term. The stock has gained 41% in the last three months and outperformed the Sensex by 15%.Hero MotoCorp being a prime beneficiary of the emerging demand from the work commuter segment coupled with the company’s focus on internal control measures to ensure
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