Hero MotoCorp Share Rises to 52-Week High, Extends Rally To Fourth Day; Analysts Remain Bullish; Check Ratings

Shares of two-wheeler manufacturer Hero MotoCorp Ltd. extended their gains for the fourth consecutive session on Thursday, rising over 2% in intraday trade. The stock touched a fresh 52-week high of Rs 6,016, reflecting strong investor sentiment amid positive brokerage recommendations.

Hero MotoCorp Share Price Today

Shares of Hero MotoCorp Ltd. continued their strong performance on Thursday, trading at Rs 6,020.00, up Rs 143.50 or 2.44% as of 12:04 PM. The stock opened the day at Rs 5,950.00 and witnessed an intraday high of Rs 6,042.00, which also marks the stock's 52-week high. The intraday low was recorded at Rs 5,921.50, showing healthy volatility within the session.

The stock has come a long way from its 52-week low of Rs 3,344.00, highlighting a significant recovery and strong performance over the past year.

Analysts Bullish at Hero MotoCorp Stock: Check Top Brokerages' Recommendation & Target Price

The upward momentum was fueled by a recent upgrade from global brokerage firm Macquarie, which rated Hero MotoCorp as 'Outperform' with a price target of Rs 6,793. Macquarie cited stabilisation in the domestic market share and highlighted potential upside in both motorcycles and scooters, driven by GST reductions and upcoming product launches.

Macquarie Rates Hero MotoCorp 'Outperform'; Know Why Its Shares Are Rising

The brokerage also noted the improving traction in the electric two-wheeler (E2W) segment, alongside resilient margins in the internal combustion engine (ICE) business. "Margins remain robust as ICE profitability continues to surprise positively," Macquarie observed.

It added that key catalysts for growth include market share gains in ICE two-wheelers, increased E2W volumes, and consistent margin delivery. The brokerage suggested that these factors may encourage investors to assign a higher valuation multiple to the stock.

JPMorgan Upgrades Hero MotoCorp to 'Overweight'; Will You Buy?

Hero MotoCorp's stock has received another boost from JPMorgan, which upgraded its rating to 'Overweight' on Wednesday, November 19, and raised its price target to Rs 6,850. The upgrade was supported by early signs of market share stabilisation after years of erosion, along with a better demand outlook driven by new product launches and tighter inventory management.

Analysts believe that the combination of strong domestic demand, improved electric vehicle traction, and strategic product launches is likely to sustain the stock's positive momentum in the near term. With consecutive broker upgrades and the stock trading near its 52-week high, Hero MotoCorp remains in focus for investors seeking growth in the two-wheeler segment.

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