Hero Moto's Street appeal hinges on premium bikes, EV road map
The company's shares are trading at 14 times one-year forward earnings, compared with the long-term average of 16 times.
Synopsis
Lack of triggers in the near term may keep the upside capped for the shares as many investors remain underweight on the country's largest two-wheeler maker despite institutional holding in the auto sector being close to a multi-quarter high.
ET Intelligence Group: Hero MotoCorp's September-quarter financial performance is unlikely to change the trajectory of its shares, as it has been largely in line with expectations and unlikely to reset full-year earnings estimates. Lack of triggers in the near term may keep the upside capped for the shares as many investors remain underweight on the country's largest two-wheeler maker despite institutional holding in the auto sector being close
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