𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Prabhudas Lilladher has recommended an accumulate rating on Hero Motocorp with a target price of Rs 3575.
• The company's EBITDA margin increased by ~40bps QoQ, and it is seeing recovery in the rural market.
• The EV 2W “Vida” is on track to reach 100 cities by CY23, followed by capacity expansion and product portfolio in FY25.