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.
#FundamentalViews#TechnicalViews#StockInNews
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