Research Disclosures & Disclaimers

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Hero MotoCorp (HROM.BO)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (Rs)	Price Target (Rs)	Rating
2022-03-30	2271.60	2850.00	Neutral
2022-04-20	2275.30	2500.00	Neutral
2022-09-12	2857.05	-	No Rating
2022-09-15	2791.40	2650.00	Sell
2022-11-04	2588.20	2450.00	Sell
2023-01-06	2744.60	2400.00	Sell
2023-05-05	2545.05	2500.00	Sell
2023-08-11	2995.20	2650.00	Sell
2023-11-02	3049.60	2750.00	Sell
2024-05-09	4762.15	3000.00	Sell
2024-07-25	5404.25	3450.00	Sell
2024-08-14	5074.05	3350.00	Sell
2024-10-25	4973.55	3300.00	Sell
2024-11-18	4730.70	3430.00	Sell
2025-02-07	4278.10	3500.00	Sell

Disclosures

UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.