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Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC Electric vehicle firm Ather Energy on Wednesday said it has raised Rs 900 crore from existing shareholders Hero MotoCorp and global investment firm GIC through a rights issue. Ather Energy said it plans to use the funds for new product launch and expansion of its charging infrastructure and retail network. “Last few years have demonstrated just how quick the EV transition in India can be and how it will be led by 2 wheelers. This round will allow us to expand our product portfolio...
Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC
Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC
Source: IANS
6/09/2023 4:37:51 PM
Hero MotoCorp gains on reporting 6% rise in total sales in August The company's exports increased to 15,770 units in June 2023 versus 11,868 units in June 2022   Hero MotoCorp is currently trading at Rs. 2941.85, up by 14.80 points or 0.51% from its previous closing of Rs. 2927.05 on the BSE. The scrip opened at Rs. 2942.45 and has touched a high and low of Rs. 2965.15 and Rs. 2937.00 respectively. So far 2691 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242....
Hero MotoCorp gains on reporting 6% rise in total sales in August
Hero MotoCorp gains on reporting 6% rise in total sales in August
Source: Accord Fintech
4/09/2023 10:42:21 AM
Hero MotoCorp rides high on launching Karizma XMR Hero MotoCorp is currently trading at Rs. 2980.00, up by 49.30 points or 1.68% from its previous closing of Rs. 2930.70 on the BSE. The scrip opened at Rs. 2963.95 and has touched a high and low of Rs. 2991.45 and Rs. 2935.90 respectively. So far 5646 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242.85 on 01-Aug-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp rides high on launching Karizma XMR
Hero MotoCorp rides high on launching Karizma XMR
Source: Accord Fintech
29/08/2023 3:43:38 PM
Hero MotoCorp gains on eyeing at enhancing market share across segments Hero MotoCorp is currently trading at Rs. 2931.95, up by 4.35 points or 0.15% from its previous closing of Rs. 2927.60 on the BSE. The scrip opened at Rs. 2927.60 and has touched a high and low of Rs. 2943.70 and Rs. 2915.00 respectively. So far 10476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242.85 on 01-Aug-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp gains on eyeing at enhancing market share across segments
Hero MotoCorp gains on eyeing at enhancing market share across segments
Source: Accord Fintech
21/08/2023 3:29:40 PM
Stock Picks : Titan Company Limited And Hero MotoCorp Ltd By ICICI Direct Titan Company Limited  Buy Titan Company Limited @3046-3050; Target 3088.00; Stop Loss 3029.00   Hero MotoCorp Ltd Sell Hero MotoCorp Ltd @ 2929-2932; Target 2891; Stop Loss 2952.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of t...
Stock Picks : Titan Company Limited And Hero MotoCorp Ltd By ICICI Direct
Stock Picks : Titan Company Limited And Hero MotoCorp Ltd By ICICI Direct
Source: ICICI Direct
21/08/2023 11:10:55 AM
Buy Hero Motocorp Ltd For Target Rs.3,630 - Motilal Oswal Financial Services Placing more emphasis on growth and market share gains * Hero MotoCorp’s (HMCL’s) 1Q operating performance was in line, while higher ‘other income’ drove PAT beat. HMCL is focusing on expanding its market share, on the back of new launches with margin expected to be in the 14-16% range (14.5% in 1Q for ICE business). De-stocking in 1Q coupled with visible recovery in demand has created headroom for inventory buildup as we approach the festive season. * We maintai...
Buy Hero Motocorp Ltd For Target Rs.3,630 - Motilal Oswal Financial Services
Buy Hero Motocorp Ltd For Target Rs.3,630 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
15/08/2023 12:40:01 PM
Hero MotoCorp logs higher revenue, profit on lower sales volume Despite selling a lower number of vehicles during the first quarter of FY24, two wheeler major Hero MotoCorp Ltd logged higher revenue and net profit. In a regulatory filing on Thursday, the company said it had closed the quarter ending June 30 with an operational revenue of Rs 8,767.27 crore (against Q1FY23's Rs 8,392.54 crore) and a net profit of Rs 824.72 crore (Rs 624.52 crore). During the period under review, the company had sold 13.53 lakh units down from 13.90 lakh units sold...
Hero MotoCorp logs higher revenue, profit on lower sales volume
Hero MotoCorp logs higher revenue, profit on lower sales volume
Source: IANS
11/08/2023 10:02:12 AM
Hero MotoCorp receives over 25,000 bookings for India-made Harley-Davidson  Indian bike maker Hero MotoCorp on Tuesday said it received over 25,000 bookings for the world's cheapest Harley Davidson motorcycle, sending shares up over 3%. The company said 65% of the bookings for the X440 were for the motorcycle's top-end variant, priced at 269,000 rupees. Hero, the world's largest motorcycle maker by sales, said in a statement it will begin production of the X440 in September and begin deliveries from October. Earlier this month, Hero raised ...
Hero MotoCorp receives over 25,000 bookings for India-made Harley-Davidson
Hero MotoCorp receives over 25,000 bookings for India-made Harley-Davidson
Source: Reuters
8/08/2023 10:46:02 AM
India's July retail vehicle sales up; dealers' body flags rising inventory Retail sales of vehicles in India rose in July, a dealers' body said on Monday but cautioned of rising inventory levels and demand slowdown in certain categories despite the upcoming festive period. Inventory days, an indicator of retail demand, ranged from 50-55 days for passenger vehicles, up from 45-49 days in June, the Federation of Automobile Dealers Association (FADA) said. Higher inventory days indicate dealers storing vehicles for longer before being able to sell them. "...
India's July retail vehicle sales up; dealers' body flags rising inventory
India's July retail vehicle sales up; dealers' body flags rising inventory
Source: Accord Fintech
7/08/2023 12:54:37 PM
India`s two-wheeler sales likely to improve as early as September - analysts Indian two-wheeler makers could begin posting better wholesale numbers as early as September as exports pick up and domestic demand improves in the upcoming festival season, analysts said this week. The outlook comes after two-wheeler makers such as Bajaj Auto and Hero MotoCorp reported dismal sales volumes for July. "The incessant rains and the floods caused crop damage in several states, and also resulted in a sharp decline in customer footfall at dealerships," Hero MotoCorp...
India`s two-wheeler sales likely to improve as early as September - analysts
India`s two-wheeler sales likely to improve as early as September - analysts
Source: Reuters
2/08/2023 7:48:55 PM
Hero MotoCorp declines on reporting 12% fall in total sales in July Hero MotoCorp is currently trading at Rs. 3011.45, down by 91.55 points or 2.95% from its previous closing of Rs. 3103.00 on the BSE. The scrip opened at Rs. 3051.00 and has touched a high and low of Rs. 3073.05 and Rs. 3005.70 respectively. So far 71272 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242.85 on 01-Aug-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip ...
Hero MotoCorp declines on reporting 12% fall in total sales in July
Hero MotoCorp declines on reporting 12% fall in total sales in July
Source: Accord Fintech
2/08/2023 1:41:51 PM
Hero MotoCorp raises new Harley-Davidson prices in India Two-wheeler maker Hero MotoCorp on Wednesday raised prices of the new Indian Harley-Davidson motorcycle by 10,500 rupees ($127.45) days after the Harley chief executive said pre-orders of the new model exceeded the company's expectations. The Harley-Davidson X440 will be priced at 239,500 rupees ($2,905.06) and above, with the hike applicable for all its variants, Hero said in a statement. Deliveries are expected to begin by October. Harley partnered with Hero, the world's large...
Hero MotoCorp raises new Harley-Davidson prices in India
Hero MotoCorp raises new Harley-Davidson prices in India
Source: Reuters
2/08/2023 9:25:48 AM
Hero MotoCorp surges on betting big on partnership with Harley-Davidson Hero MotoCorp is currently trading at Rs. 3098.15, up by 69.60 points or 2.30% from its previous closing of Rs. 3028.55 on the BSE. The scrip opened at Rs. 3049.00 and has touched a high and low of Rs. 3104.85 and Rs. 3031.00 respectively. So far 29780 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3,104.85 on 05-Jul-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip s...
Hero MotoCorp surges on betting big on partnership with Harley-Davidson
Hero MotoCorp surges on betting big on partnership with Harley-Davidson
Source: Accord Fintech
5/07/2023 11:38:42 AM
Buy Hero Motocorp Ltd For Target Rs.3,475 - Motilal Oswal Financial Services HMCL and HD launch their first co-developed product X440… * Hero MotoCorp (HMCL) launched its first co-developed product with Harley Davidson (HD) – ‘X440’ – at CIT Jaipur. This marks HMCL’s entry into >400cc category where it had no presence earlier. * The X440 retains the retro look of Harley Davidson bikes and comes with three variants: Denim, Vivid and S. Ex-showroom price ranges between INR229k and INR269k. It will be produced at HMCL’s...
Buy Hero Motocorp Ltd For Target Rs.3,475 - Motilal Oswal Financial Services
Buy Hero Motocorp Ltd For Target Rs.3,475 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
4/07/2023 10:03:01 AM
India's Hero MotoCorp to increase prices of specific two-wheeler models Indian two-wheeler maker Hero MotoCorp on Friday said it would increase prices of specific models of motorcycles and scooters by around 1.5% from July 3, as it combats price positioning, input costs and business imperatives. The exact quantum of increase will vary by specific models and markets, the company said in an exchange filing. Hero previously hiked prices on its select models of motorcycles and scooters by 2% in March, as it grappled with increased costs to meet new emission nor...
India's Hero MotoCorp to increase prices of specific two-wheeler models
India's Hero MotoCorp to increase prices of specific two-wheeler models
Source: Reuters
30/06/2023 8:21:47 PM
Buy Hero Motocorp Ltd For Target Rs.3,200 - JM Financial Institutional Securities Impending rural revival, new launches to aid recovery Slowdown in the entry-level two-wheeler (2W) segment, lack of new product initiatives, and aggressive competition, especially in the 125cc segment has impacted HMCL’s 2W market share by 350bps over FY19-23. However, the company is making concerted efforts to change that. Recent product initiatives (Xtec variants & Xoom) and HMCL’s commentary on new product interventions indicate multiple new model launches going ahead. R...
Buy Hero Motocorp Ltd For Target Rs.3,200 - JM Financial Institutional Securities
Buy Hero Motocorp Ltd For Target Rs.3,200 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
29/06/2023 11:30:45 AM
Add Hero MotoCorp Ltd For Target Rs. 3,233 - Yes Securities Hero 2.0: Thrust on digital initiatives at the core   Valuation and View – Executions remains key to watch for We interacted with the senior management of Hero MotoCorp (HMCL) wherein co reiterated post recent changes at the leadership, its focus is to, 1) drive the change in the base business of ICE 2Ws, 2) enable right to win in premium MC segment by new launches and elevating the retail buying experience (including launch of Harley product) and 3) work towards building ...
Add Hero MotoCorp Ltd For Target Rs. 3,233 - Yes Securities
Add Hero MotoCorp Ltd For Target Rs. 3,233 - Yes Securities
Source: Yes Securities Ltd
22/06/2023 1:21:35 PM
Add Hero MotoCorp Ltd For Target Rs. 3,133 - ICICI Securities Ready for an inclusive growth We interacted with Hero MotoCorp (HMCL) senior management to understand the company’s business outlook and strategy. Following are the key takeaways: 1) HMCL is looking forward to an all-inclusive growth with focus towards its core rural portfolio along with mid/upper-end premium models, EVs and exports; 2) will be launching a record number of premium models across FY24, along with the one jointly developed with Harley Davidson; 3) looking forward to upg...
Add Hero MotoCorp Ltd For Target Rs. 3,133 - ICICI Securities
Add Hero MotoCorp Ltd For Target Rs. 3,133 - ICICI Securities
Source: ICICI Securities Ltd
21/06/2023 2:50:54 PM
India`s corporate affairs ministry orders probe into Hero MotoCorp India's Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorp's relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday. The investigation has been ordered in the "public interest" to probe the ownership structure of Hero MotoCorp and whether it controlled the third-party vendor, said the two sources, who are privy to the internal government directive. Hero Moto...
India`s corporate affairs ministry orders probe into Hero MotoCorp
India`s corporate affairs ministry orders probe into Hero MotoCorp
Source: Reuters
15/06/2023 3:48:00 PM
Hero MotoCorp rises on launching new Xtreme 160R 4V Hero MotoCorp is currently trading at Rs. 2948.40, up by 18.20 points or 0.62% from its previous closing of Rs. 2930.20 on the BSE. The scrip opened at Rs. 2931.05 and has touched a high and low of Rs. 2960.90 and Rs. 2931.05 respectively. So far 3487 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3025.50 on 08-Jun-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp rises on launching new Xtreme 160R 4V
Hero MotoCorp rises on launching new Xtreme 160R 4V
Source: Accord Fintech
15/06/2023 10:30:00 AM
Buy Hero Motocorp Ltd For Target Rs.3,500 - Motilal Oswal Financial Services Focus on growing core; building premium/EV Upgrading retail network; investing INR10b-15b p.a to support its goals In HMCL’s Analyst Meet, the management, led by Mr Niranjan Gupta (the new CEO), highlighted its focus on changing gears by a) growing the core business, b) winning in the premium segment, and c) building leadership in EVs. It is upgrading its retail network to support its aspirations in the premium segment as well as in EVs. It is backing these aspirations with annual in...
Buy Hero Motocorp Ltd For Target Rs.3,500 - Motilal Oswal Financial Services
Buy Hero Motocorp Ltd For Target Rs.3,500 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
14/06/2023 2:14:45 PM
Hero MotoCorp rides high on introducing new Passion+ Hero MotoCorp is currently trading at Rs. 2935.75, up by 6.95 points or 0.24% from its previous closing of Rs. 2928.80 on the BSE. The scrip opened at Rs. 2925.95 and has touched a high and low of Rs. 2936.15 and Rs. 2905.00 respectively. So far 11589 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3025.50 on 08-Jun-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp rides high on introducing new Passion+
Hero MotoCorp rides high on introducing new Passion+
Source: Accord Fintech
13/06/2023 1:10:37 PM
Hero MotoCorp rises on gearing up to expand electric two-wheeler range Hero MotoCorp is currently trading at Rs. 2979.20, up by 21.85 points or 0.74% from its previous closing of Rs. 2957.35 on the BSE. The scrip opened at Rs. 2997.90 and has touched a high and low of Rs. 3025.50 and Rs. 2950.00 respectively. So far 23788 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2977.85 on 07-Jun-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip st...
Hero MotoCorp rises on gearing up to expand electric two-wheeler range
Hero MotoCorp rises on gearing up to expand electric two-wheeler range
Source: Accord Fintech
8/06/2023 2:53:59 PM
Hero MotoCorp gains after hiking price of electric scooter `VIDA V1 Pro` Hero MotoCorp is currently trading at Rs. 2900.45, up by 31.40 points or 1.09% from its previous closing of Rs. 2869.05 on the BSE. The scrip opened at Rs. 2867.00 and has touched a high and low of Rs. 2910.65 and Rs. 2860.10 respectively. So far 7417 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp gains after hiking price of electric scooter `VIDA V1 Pro`
Hero MotoCorp gains after hiking price of electric scooter `VIDA V1 Pro`
Source: Accord Fintech
6/06/2023 2:44:17 PM
Hero MotoCorp trades higher on reporting 7% rise in total sales in May Hero MotoCorp is currently trading at Rs. 2847.45, up by 46.50 points or 1.66% from its previous closing of Rs. 2800.95 on the BSE. The scrip opened at Rs. 2827.05 and has touched a high and low of Rs. 2911.65 and Rs. 2827.05 respectively. So far 38859 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip st...
Hero MotoCorp trades higher on reporting 7% rise in total sales in May
Hero MotoCorp trades higher on reporting 7% rise in total sales in May
Source: Accord Fintech
2/06/2023 10:38:29 AM
Hero MotoCorp rises on launching OBD-II & E20 compliant adventure motorcycle Hero MotoCorp is currently trading at Rs. 2727.10, up by 41.30 points or 1.54% from its previous closing of Rs. 2685.80 on the BSE. The scrip opened at Rs. 2678.35 and has touched a high and low of Rs. 2727.10 and Rs. 2678.35 respectively. So far 1065 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip stoo...
Hero MotoCorp rises on launching OBD-II & E20 compliant adventure motorcycle
Hero MotoCorp rises on launching OBD-II & E20 compliant adventure motorcycle
Source: Accord Fintech
17/05/2023 10:02:36 AM
Hero MotoCorp rides high on gearing up for highest ever model introductions in FY24 Hero MotoCorp is currently trading at Rs. 2682.95, up by 77.30 points or 2.97% from its previous closing of Rs. 2605.65 on the BSE. The scrip opened at Rs. 2611.05 and has touched a high and low of Rs. 2689.00 and Rs. 2611.05 respectively. So far 7398 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp rides high on gearing up for highest ever model introductions in FY24
Hero MotoCorp rides high on gearing up for highest ever model introductions in FY24
Source: Accord Fintech
15/05/2023 1:23:39 PM
India's Eicher Motors beats Q4 profit view as demand for two-wheelers spike BENGALURU - India's Eicher Motors, the maker of Royal Enfield motorcycles, posted a bigger-than-expected 48% jump in fourth-quarter profit on Thursday, helped by higher sales as demand for two-wheelers picked up. The company's consolidated net profit rose to 9.06 billion rupees ($111 million) in the quarter ended March 31, from 6.10 billion rupees a year earlier. Analysts, on average, had expected a profit of 7.96 billion rupees, according to Refinitiv data. Since the st...
India's Eicher Motors beats Q4 profit view as demand for two-wheelers spike
India's Eicher Motors beats Q4 profit view as demand for two-wheelers spike
Source: Reuters
11/05/2023 6:50:42 PM
Buy Hero Motocorp Ltd For Target Rs.3,200 - JM Financial Institutional Securities In 4QFY23, EBITDAM for Hero MotoCorp (HMCL) stood at 13% (+190bps YoY; +150bps QoQ), c.100bps above JMFe led by higher operating leverage, softening commodity costs and LEAP savings. Management highlighted that it expects wholesales to improve going forward led by new launches (incl. in partnership with Harley), expected pick up in rural demand, wedding season and premiumization trends. Dealer inventory remains at normalised level of ~6 weeks. Positive operating leverage and commodity prices ...
Buy Hero Motocorp Ltd For Target Rs.3,200 - JM Financial Institutional Securities
Buy Hero Motocorp Ltd For Target Rs.3,200 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
11/05/2023 2:01:56 PM
Buy Hero Motocorp Ltd For Target Rs.3,040 - Emkay Global Financial Services For 4QFY23, HMCL delivered a sharp EBITDA beat (margin up 180bps/150bps YoY/QoQ to 13% vs. our 12.1% estimate), on lower commodity prices, mix, and product price-hikes. HMCL is set to launch the highest number of products ever in a single year in FY24 – one launch per quarter. Demand in Rural is seen to improve now, sustaining momentum in Apr-May (being the wedding season). In our view, current valuations at ~12.8x FY25E PER/5.5% dividend yield are compelling, given: i) potential cyc...
Buy Hero Motocorp Ltd For Target Rs.3,040 - Emkay Global Financial Services
Buy Hero Motocorp Ltd For Target Rs.3,040 - Emkay Global Financial Services
Source: Emkay Global Financial Services
10/05/2023 10:55:46 AM
Buy Hero Motocorp Ltd For Target Rs.2,904 - LKP Securities Ltd Hero Motocorp Ltd (Hero) reported strong set of numbers in Q4. Volumes grew by 6.8% yoy and 2.5% qoq on low base yoy and a subdued festive season seen in Q3. Topline grew by 11.9% yoy on 4.8% growth in ASPs despite some price reductions done on the EV side and better product mix. Revenues grew by 3.4% qoq to ?83 bn as realizations supported them by growing 1% qoq. The spares business also supported the cause as they had a good growth. The retail demand in Q4 witnessed a solid recovery on the ...
Buy Hero Motocorp Ltd For Target Rs.2,904 - LKP Securities Ltd
Buy Hero Motocorp Ltd For Target Rs.2,904 - LKP Securities Ltd
Source: LKP Securities Ltd
6/05/2023 11:52:05 AM
Hero Motocorp gains on reporting 31% rise in Q4 consolidated net profit Hero MotoCorp is currently trading at Rs. 2534.85, up by 20.80 points or 0.83% from its previous closing of Rs. 2514.05 on the BSE. The scrip opened at Rs. 2542.00 and has touched a high and low of Rs. 2546.50 and Rs. 2510.00 respectively. So far 17527 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip st...
Hero Motocorp gains on reporting 31% rise in Q4 consolidated net profit
Hero Motocorp gains on reporting 31% rise in Q4 consolidated net profit
Source: Accord Fintech
5/05/2023 10:29:51 AM
India`s Hero MotoCorp posts Q4 profit beat on higher vehicle sales India's Hero MotoCorp Ltd reported a bigger-than-expected 37% rise in fourth-quarter profit on Thursday, helped by higher domestic vehicle sales. The world's largest two-wheeler maker by sales said its profit rose to 8.59 billion rupees ($105.12 million) for the quarter ended March 31, beating analyst expectations of 7.35 billion rupees according to Refinitiv IBES data. Two-wheeler demand, which had been under stress due to inflationary pressures on Indian households, recovered ...
India`s Hero MotoCorp posts Q4 profit beat on higher vehicle sales
India`s Hero MotoCorp posts Q4 profit beat on higher vehicle sales
Source: Reuters
4/05/2023 6:10:22 PM
Hero MotoCorp gains as its Vida brand plans to increase presence in 100 cities Hero MotoCorp is currently trading at Rs. 2513.70, up by 10.45 points or 0.42% from its previous closing of Rs. 2503.25 on the BSE. The scrip opened at Rs. 2490.05 and has touched a high and low of Rs. 2532.25 and Rs. 2490.05 respectively. So far 15150 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip st...
Hero MotoCorp gains as its Vida brand plans to increase presence in 100 cities
Hero MotoCorp gains as its Vida brand plans to increase presence in 100 cities
Source: Accord Fintech
4/05/2023 11:38:55 AM
Indian automakers post lacklustre April commercial vehicles sales growth India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season and pre-buying last month ahead of the implementation of tighter fuel emission norms. The norms, implemented on April 1, require automakers to fit vehicles with a device to check emissions, leading to extra costs. Maruti Suzuki India Ltd, Hero MotoCorp Ltd and Tata Motors Ltd have hiked prices to cushion the impact of the additional expenses. Analysts said...
Indian automakers post lacklustre April commercial vehicles sales growth
Indian automakers post lacklustre April commercial vehicles sales growth
Source: Reuters
2/05/2023 3:38:13 PM
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge India's passenger vehicle sales hit a record high in the fiscal year 2022-23, as chip shortages eased and customers shelled out more money for sport utility vehicles (SUVs), an auto industry body said on Thursday. Automakers have sharpened their focus on producing SUVs, driven by consumer demand despite inflation trending higher through the year. Meanwhile, sales of entry-level vehicles continued to see challenges. Sales of SUVs, which made up more than 50% of total passenger vehicl...
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge
Source: Reuters
13/04/2023 1:40:05 PM
Hero MotoCorp surges on reporting 15% rise in total sales in March 2023 Hero MotoCorp is currently trading at Rs. 2411.70, up by 64.55 points or 2.75% from its previous closing of Rs. 2347.15 on the BSE. The scrip opened at Rs. 2399.95 and has touched a high and low of Rs. 2414.75 and Rs. 2373.50 respectively. So far 5977 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2151.60 on 01-Apr-2022. Last one week high and low of the scrip sto...
Hero MotoCorp surges on reporting 15% rise in total sales in March 2023
Hero MotoCorp surges on reporting 15% rise in total sales in March 2023
Source: Accord Fintech
3/04/2023 10:42:54 AM
Maruti Suzuki India to hike prices to pass on input cost pressures Maruti Suzuki India Ltd said on Thursday it would raise prices across models come April, as high domestic inflation and new emission norms pressure the country's top car maker. The unit of Japan's Suzuki Motor did not say how much prices of cars would go up by, or which models will be impacted. Maruti joins rival Tata Motors and two-wheeler maker Hero Motocorp, who have also said they would raise prices by 5% and 2% respectively, as they grapple with increased costs to meet new ...
Maruti Suzuki India to hike prices to pass on input cost pressures
Maruti Suzuki India to hike prices to pass on input cost pressures
Source: Reuters
23/03/2023 2:07:26 PM
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities Govt plans to sell 3.5% stake in Hindustan Aeronautics through OFS: The government plans to sell up to 3.5 percent of its stake in aerospace and defence company Hindustan Aeronautics (HAL) through an offer for sale (OFS) to raise over Rs 2,867 crore this fiscal, according to an exchange filing on Wednesday. It owns a 75 percent stake in HAL. The 3.5 per cent stake sale comprised 1.75 per cent as the base offer and 1.75 per cent as an additional option. The offer will open on March 23 and w...
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities
Source: ARETE Securities Ltd
23/03/2023 9:34:42 AM
India's Hero MotoCorp to raise prices on select models Indian two-wheeler maker Hero MotoCorp Ltd said on Wednesday it would raise prices on select models of motorcycles and scooters by about 2% from April as it grapples with increased costs to meet new emission norms. India will be implementing Bharat Stage 6 regulations from next month that require automakers to fit their vehicles with a device to check emissions, leading to extra costs. On Tuesday, Indian automaker Tata Motors said in an exchange filing that it would increase commercial ...
India's Hero MotoCorp to raise prices on select models
India's Hero MotoCorp to raise prices on select models
Source: Reuters
22/03/2023 5:34:58 PM
Buy Hero Motocorp Ltd Target Rs. 2,855 - Anand Rathi Share and Stock Brokers Result Update – Q3FY23 * Revenues for the quarter ended December were increased by 1.3% to Rs.81,183 million vs Rs.80,131 for 3QFY22. Improvement in top line of the company due to sequential market share improvement and multiple launches and front end action. * Gross profit per vehicle has reached an all time high of Rs.19,800 per vehicle, which increases company operating leverage and will benefit when higher volumes kick in, in upcoming quarters. This has been made possible thro...
Buy Hero Motocorp Ltd Target Rs. 2,855 - Anand Rathi Share and Stock Brokers
Buy Hero Motocorp Ltd Target Rs. 2,855 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
17/03/2023 2:15:58 PM
Hero MotoCorp moves higher on reporting 10% rise in total sales in February Hero MotoCorp is currently trading at Rs. 2465.75, up by 33.00 points or 1.36% from its previous closing of Rs. 2432.75 on the BSE. The scrip opened at Rs. 2449.70 and has touched a high and low of Rs. 2470.20 and Rs. 2441.80 respectively. So far 6898 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2148.00 on 08-Mar-2022. Last one week high and low of the scrip sto...
Hero MotoCorp moves higher on reporting 10% rise in total sales in February
Hero MotoCorp moves higher on reporting 10% rise in total sales in February
Source: Accord Fintech
2/03/2023 11:31:15 AM
Buy Hero Motocorp Ltd Target Rs. 3,380 - Emkay Global Financial Services Q3 EBITDA slightly below estimates; volume outlook remains positive * Hero Motocorp’s Q3FY23 EBITDA declined by 4% YoY to Rs9.2bn, coming in 3% below our estimates, on higher spends in the emerging business unit. Revenue increased by 2% to Rs80.3bn, in line with estimates. We maintain our positive stance, underpinned by: 1) expectations of 8% volume CAGR over FY23-25E on a cyclical upturn in domestic 2Ws and new products; 2) margin expansion of 160bps over FY23-25E emanating from bet...
Buy Hero Motocorp Ltd Target Rs. 3,380 - Emkay Global Financial Services
Buy Hero Motocorp Ltd Target Rs. 3,380 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/02/2023 1:02:46 PM
Buy Hero Motocorp Ltd For Target Rs.3,212 - LKP Securities New launches augurs well for growth in mid to long term Hero Motocorp Ltd (Hero) reported subdued set of numbers in Q3, both on sequential as well as yoy basis. Volumes fell 4% yoy on recovery seen post pandemic in the base quarter and 13.2% qoq on high base of festive Q2. Topline still managed to grow by 2% yoy on 6.2% growth in ASPs on price hikes taken and better product mix. Revenues declined 11.5% qoq to ?80.3 bn as realizations somewhat supported them by growing 2% qoq. The spares bu...
Buy Hero Motocorp Ltd For Target Rs.3,212 - LKP Securities
Buy Hero Motocorp Ltd For Target Rs.3,212 - LKP Securities
Source: LKP Securities Ltd
9/02/2023 1:01:31 PM
India`s Hero MotoCorp beats Q3 profit estimates on price hikes India's Hero MotoCorp, the world's largest two-wheeler maker by sales, reported a bigger-than-expected quarterly profit on Tuesday, as price hikes offset a dip in demand. The company said its profit came in at 7.11 billion rupees ($85.96 million) for the three months ended Dec. 31, a year-on-year increase of 3.6%. Analysts, on an average, had expected a profit of 6.60 billion rupees, according to Refinitiv IBES data. The industry was hit by high raw material costs and supply ...
India`s Hero MotoCorp beats Q3 profit estimates on price hikes
India`s Hero MotoCorp beats Q3 profit estimates on price hikes
Source: Reuters
8/02/2023 9:56:13 AM
January vehicle sales expected to be good: Emkay Global Sales of passenger vehicles (PV), commercial vehicles (CV) in January 2023 are expected to be good as per its channel checks, said Emkay Global Financial Services. According to Emkay Global, it had conducted a channel check to gauge the volumes' estimate for the month of January. The channel checks indicate PV volumes to be higher on healthy order book and ramp-up in production. Further, CVs are likely to maintain their double-digit growth momentum on better freight availability. ...
January vehicle sales expected to be good: Emkay Global
January vehicle sales expected to be good: Emkay Global
Source: IANS
30/01/2023 3:56:00 PM
Hero MotoCorp shines as its Vida brand commences customer deliveries of `VIDA V1 scooter` in Jaipur Hero MotoCorp is currently trading at Rs. 2795.65, up by 48.80 points or 1.78% from its previous closing of Rs. 2746.85 on the BSE. The scrip opened at Rs. 2733.50 and has touched a high and low of Rs. 2798.80 and Rs. 2733.50 respectively. So far 1277 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2148.00 on 08-Mar-2022. Last one week high and low of the scrip sto...
Hero MotoCorp shines as its Vida brand commences customer deliveries of `VIDA V1 scooter` in Jaipur
Hero MotoCorp shines as its Vida brand commences customer deliveries of `VIDA V1 scooter` in Jaipur
Source: Accord Fintech
23/01/2023 10:35:41 AM
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, inaugurated the 'Ethanol Pavilion' at the Auto Expo here, and said the ethanol blending in petrol was increased up to 10.17 per cent in 2022. The Maruti Suzuki and Toyota Kirloskar Motor, TVS, Hero MotoCorp, Bajaj Auto, Honda Motorcycle, Yamaha and Suzuki motorcycles are displaying their working prototype of flex-fuel vehicles at the pavilion and these vehicles can take a range of ethanol blends varying from 20-85 per...
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister
Source: IANS
13/01/2023 3:53:30 PM