Hero MotoCorp Shares Plunge After Jefferies Downgrade, Price Target Cut

• Hero MotoCorp shares fell after Jefferies downgraded the stock to 'Underperform' from 'Hold'.
• Jefferies cut the price target to ₹4,950 from ₹5,550, implying a potential 15% downside.
• The brokerage cited fading GST cut-driven demand and a slip in Hero MotoCorp's market share in December.
• Jefferies noted the stock's 40% YTD climb, deeming its 20x FY27 P/E valuation expensive.
• UBS also flagged a sharp drop in Hero's market share, falling to 19% in early December from 35% in November.

Why It Matters: Jefferies downgrade and market share concerns drive Hero MotoCorp stock lower.