India's Hero MotoCorp falls after Jefferies double downgrades

Hero Motocorp

18/12/2025 04:05

** Hero MotoCorp HROM.NS falls 1.7% to 5,715.50 rupees

** Jefferies downgrades to "underperform" from "hold"; cuts PT to 4,950 rupees from 5,550 rupees

** Says co's domestic 2W market share plunged to 25-year low of 28% in April-November FY26, hurt by demand shift away from entry-level bikes, losses in 110-125 cc motorcycles segment

** Lowers co's FY26-28 EPS by 2%-7% due to lower volumes; expects 5% rise in output volume

** Stock rated "hold" on average; median PT is 6,252 rupees, per data compiled by LSEG

** YTD, HROM up 37.4%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))