Operating performance in line with estimates

Company
11 Mar 2024
5 Min read 
  • Hero MotoCorp posted an in-line operating performance in 3QFY24.
  •  The company expects double-digit revenue growth for the industry in FY25.
  •  Hero MotoCorp aims to outperform the industry with new launches.
  •  Margins are expected to improve due to benign input costs and improving mix.
  •  The stock is rated as a "Buy" with a target price of INR5,560.
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