New Year Pick 2025: Ambareesh Baliga bullish on this auto stock- Check targets

As we are approaching the new year 2025, analysts after positive returns from the D-Street of nearly 9 per cent in 2024 are bullish on few of the counters.

Likewise, Ambareesh Baliga, an independent market analyst for the next year is bullish on an auto stock. The stock is the frontrunner in the 2-wheeler segment and so far in the calendar year 2024 has remained more or less steady with just over 1 per cent return.

The analyst giving his rationale for a 'buy' recommendation on the stock says that the company holds a leadership in India with a 31 per cent market share. The company has a humongous presence globally with exposure in 48 countries and a total of 8 manufacturing facilities.

Also, the 2-wheeler major in the last quarter posted good financial performance with revenue surging 10.8 per cent year-on-year (YoY). Moreover, the company's EBITDA also increased 14.1 per cent during the same period.

EBITDA margins also grew to 14.5 per cent during the quarter ended September 2024 amid continuing product premiumisation for the last eight quarters.

Can you guess the counter? Here the analyst is bullish on Hero MotoCorp for a target of Rs 5,980 per share with the investment horizon of 1 year. The set target implies potential gains of over 43 per cent from Monday's (December 30) close.

The company has also achieved the highest festive sales of 1.6 million units.

Global business growth and focus on EV segment 

Furthermore, the company's global business recorded a stupendous growth of 30 per cent, much faster than the industry's growth at just 16 per cent. The company is planning to introduce affordable models over the next few months in the electric 2-wheeler space, said the PTI report.