Whalesbook
Global brokerage firm JPMorgan has upgraded Hero MotoCorp to 'Overweight', setting a new price target of ₹6,850, indicating an 18% potential upside. The upgrade stems from stabilizing market share, positive outlook from new product launches, effective inventory management, and benefits from recent GST cuts that are boosting demand in the entry-level two-wheeler segment, where Hero MotoCorp holds a strong position. The company's improving electric vehicle market presence and strong second-quarter financial results, showing a 16% rise in net profit and revenue, further bolster this positive outlook.