Hero MotoCorp Shares Rise 5% After Jefferies Upgrade Cites Demand Stabilisation and EV Progress

Hero MotoCorp Shares Surge 5% Amid Upbeat Brokerage Report

Thursday saw a significant uptick in Hero MotoCorp shares, with the stock jumping over 5 percent after a brokerage firm, Jefferies, upgraded its rating to "hold" from "underperform". This move comes on the heels of the company announcing a record quarterly revenue and profit for Q4 FY26. The brokerage firm cited stabilising demand trends, recovery in market share, and improving medium-term prospects from both electric vehicles and the core internal combustion engine (ICE) business.

As a result of the upgrade, Hero MotoCorp's shares were trading at Rs 5,434 in afternoon trade, reflecting a 5.1 percent increase for the day. Notably, the stock has now gained around 7.2 percent over the last three trading sessions, including Thursday's move. Over the past year, the stock has seen a substantial rise of over 40 percent, outperforming the largely flat performance of the benchmark Nifty 50 index over the same period.

Jefferies maintained its target price of Rs 5,000 per share, while upgrading Hero MotoCorp to "hold". The brokerage firm's positive assessment is based on the stabilising demand conditions and the company's recovering market share after a prolonged period of pressure.

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