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Rakesh Madhav CFA

20th Oct · SEBI-Registered Analyst

HERO MOTOCORP – Gearing Up for New Highs 🏍️

Technical View:

HEROMOTOCO
closed at ₹5,641 (+0.9%), sustaining above both key EMAs (₹5,480–₹5,560). RSI remains positive, indicating continued accumulation. Resistance: ₹5,750–₹5,800 | Support: ₹5,480–₹5,400. Price action hints at steady breakout from a multi-week consolidation. Fundamental View: Robust festive demand, new EV model launches, and export recovery underpin growth. FY25E PE ~21x; dividend yield ~2.3%. Balance sheet remains debt-free with improving margin trajectory. 🎯 Target: ₹5,900–₹6,100 (+8%) 🛑 Stop-Loss: ₹5,450 📊 Bias: Positive – steady uptrend continuation likely.

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