India's Hero MotoCorp set for best week in a month on upbeat quarterly results

Hero Motocorp

08/05/2026 10:39

** Shares of two-wheeler maker Hero MotoCorp HROM.NS up 4.4% for the week so far, on course for its best showing in a month

** The Splendor motorcycle maker posts a quarterly profit beat, on steady domestic demand and consumption tax cuts

** Multiple brokerages expect HROM to get market share in high-growth segments such as scooters and electric vehicles and see scope for valuation re-rating

** The average rating of 33 analysts tracking HROM is "buy"; median price target is 6,000 rupees, according to data compiled by LSEG

** Stock down 7.8% in 2026 so far, lagging the 3% drop in auto index .NIFTYAUTO, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))