Hero MotoCorp shares climb 5% as JM Financial re-initiates coverage with Rs 4,700 target

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Hero MotoCorp shares jumped 4.9% after JM Financial gave a ‘Buy’ rating with a Rs 4,700 target.
Growth is expected from new launches, rural demand recovery, and EV expansion.
Q4 FY25 PAT rose 6% YoY; ICE margins improved, but EV margins stayed under pressure.
EV market share doubled to 7%, with more affordable models and PLI benefits expected in FY26.

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