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Axis Securities recommends a buy on Hero MotoCorp, targeting Rs 5,285 from its current price of Rs 3,690. Hero’s 2030 strategy focuses on core business, premium segment, EVs, and revenue diversification. Recent product launches and a richer product mix have boosted EBITDA. Promoters hold 34.74% stake as of December 2024, while FIIs own 27.95%.
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