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Underlying ICE margins continues to be healthy View – ICE margins to sustain while EVs ramp-up to continue HMCL’s 2QFY25 results were steady and in-line to our/street with EBITDA margins expanded 40bp YoY (+10bp QoQ) at 14.5%. This was constrained by EV (margin drag of ~200bp) as underlying ICE margins were healthy at 16.5% (vs 16.4% in 1Q, 15.6% in 4QFY24 and 14.5% in 1QFY24), supported by operating leverage, favorable mix, cost savings and price hikes. ~4.2% QoQ increase i...
Buy Hero MotoCorp Ltd For Target Rs. 5,377 by Yes Securities Ltd
In Q2FY25, Hero MotoCorp reported an in-line performance on Revenue/EBIDTA/PAT front. Revenue for the quarter grew by 10.8% YoY to Rs.104.6bn. vs our estimates of Rs.101.9bn. The top line growth was attributed to recovery in the entry level and 125 CC segment. EBITDA for the quarter grew by 14.1% to Rs.15.16bn. vs est of Rs.14.88bn. Margin expanded by 43bps YoY/+10bps QoQ to 14.5%. EBIDTA/vehicle increased by 6.4% to Rs.9975/vehicle. RPAT for the quarter jumped by 14.2% YoY to Rs.12.04bn vs (...
Buy Hero MotoCorp Ltd For Target Rs. 5,314 By Choice Broking Ltd
Hero MotoCorp is currently trading at Rs. 4821.95, up by 15.70 points or 0.33% from its previous closing of Rs. 4806.25 on the BSE. The scrip opened at Rs. 4829.55 and has touched a high and low of Rs. 4877.00 and Rs. 4797.45 respectively. So far 8581 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 6245.00 on 24-Sep-2024 and a 52 week low of Rs. 3080.80 on 09-Nov-2023. Last one week high and low of the scrip sto...
Hero MotoCorp trades in green on registering 18% sales growth in October
Hero MotoCorp is currently trading at Rs. 5688.90, down by 60.65 points or 1.05% from its previous closing of Rs. 5749.55 on the BSE. The scrip opened at Rs. 5749.55 and has touched a high and low of Rs. 5749.55 and Rs. 5631.00 respectively. So far 17368 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 6245.00 on 24-Sep-2024 and a 52 week low of Rs. 2925.00 on 09-Oct-2023. Last one week high and low of the scrip ...
Hero MotoCorp falls despite reporting 19% growth in total sales in September 2024
Indian electric two-wheeler maker Ather Energy has filed for a 45 billion rupee ($536.2 million) IPO at a valuation of $2.5 billion, a source said on Monday, seeking to tap a red-hot stock market weeks after bigger rival Ola Electric went public. Hero MotoCorp-backed Ather is India's fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather is sellin...
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
* The 125 cc segment's market share rose from 13% to 20% due to a surge in demand for Glamour, Super Splendor, and Xtreme 125. The reintroduction of the Glamour Magnetic has seen strong support, especially in Andhra Pradesh and Telangana. Super Splendor’s mileage campaign, “66km/l,” has driven customer interest significantly. Meanwhile, the Xtreme 125 has successfully brought new customers into dealerships, with capacity expansion underway to meet the high demand. Furthe...
Buy Hero MotoCorp Ltd For Target Rs. 5478 By Choice Broking Ltd
* The 125 cc segment's market share rose from 13% to 20% due to a surge in demand for Glamour, Super Splendor, and Xtreme 125. The reintroduction of the Glamour Magnetic has seen strong support, especially in Andhra Pradesh and Telangana. Super Splendor’s mileage campaign, “66km/l,” has driven customer interest significantly. Meanwhile, the Xtreme 125 has successfully brought new customers into dealerships, with capacity expansion underway to meet the high demand. Furthe...
Buy Hero MotoCorp Ltd For Target Rs.5478 By Choice Broking Ltd
Higher spends on EV hurts margins * HMCL posted a disappointing operating performance in 1QFY25 mainly due to adverse mix and impact of higher spends on EVs. Volume growth has been healthy so far in Q1 and the company is preparing itself for an anticipated strong festive season going ahead on the back of improving rural sentiment. * We cut our FY25E/FY26E EPS by 9% each to factor in weak operating performance in Q1. We expect a CAGR of ~12%/15%/16.5% in revenue/EBITDA/PAT over...
Buy Hero MotoCorp Ltd Target Rs. 5,865 By Motilal Oswal Financial Services Ltd
Higher spends on EV hurts margins Preparing for a healthy festive growth in coming quarters * HMCL posted a disappointing operating performance in 1QFY25 mainly due to adverse mix and impact of higher spends on EVs. Volume growth has been healthy so far in Q1 and the company is preparing itself for an anticipated strong festive season going ahead on the back of improving rural sentiment. * We cut our FY25E/FY26E EPS by 9% each to factor in weak operating performance in Q1...
Buy Hero MotoCorp Ltd Target Rs.5,865 By Motilal Oswal Financial Services Ltd
Higher spends on EV hurts margins Preparing for a healthy festive growth in coming quarters * HMCL posted a disappointing operating performance in 1QFY25 mainly due to adverse mix and impact of higher spends on EVs. Volume growth has been healthy so far in Q1 and the company is preparing itself for an anticipated strong festive season going ahead on the back of improving rural sentiment. * We cut our FY25E/FY26E EPS by 9% each to factor in weak operating performance in Q1. We expect ...
Buy Hero MotoCorp Ltd Target Rs. 865 By Motilal Oswal Financial Services Ltd
Volume supports revenue, outlook positive Hero MotoCorp (HMCL) is India’s leading two-wheelers manufacturer, with nearly 32% share of the domestic motorcycle market in volume terms. The company has eight manufacturing facilities — six in India and one each in Colombia and Bangladesh. * In Q1FY25, its standalone revenue rose 15.7% YoY to Rs. 10,144cr, primarily owing to rural demand. * EBITDA grew 21.0% YoY to Rs. 1,460cr and EBITDA margin expanded 60bps YoY to 14.4%, ai...
Buy Hero MotoCorp Ltd For Target Rs.5,877 By Geojit Financial Services Ltd
Underlying ICE margins continues to be healthy View – ICE margins to sustain while EVs ramp-up to continue HMCL’s 1QFY25 results were weak with EBITDA miss of ~10%/5% to our/street estimates with EBITDA margins expanded 60bp YoY (+10bp QoQ) at 14.4%. This underperformance was led by EV (margin drag of ~200bp) as underlying ICE margins were healthy at 16.4% (vs 15.6% in 4QFY24 and 14.5% in 1QFY24), supported by operating leverage, favorable mix, cost savings. ~3.4 QoQ decline...
Add Hero MotoCorp Ltd For Target Rs. 5,789 By Yes Securities
India's largest two-wheeler maker Hero MotoCorp on Tuesday reported a 36 per cent jump in standalone net profit to Rs 1,123 crore for the April-June quarter of the current financial year from Rs 825 crore in the same quarter of 2023-24. The company said that the higher profit was driven by strong sales, recovery in the rural market and new launches. The two-wheeler maker’s revenue from operations rose 16 per cent during the quarter to Rs 10,144 crore from Rs 8,767...
Hero MotoCorp clocks 36 pc rise in Q1, net profit at Rs 1,123 crore
Hero Motocorp Ltd * After a steady up move, HEROMOTOCO is now showing some signs of trend reversal. * The stock has registered a breakdown from a distribution phase which lasted for over a month. * It has also slipped below its short term moving averages suggesting weakness in trend. * We thus recommend creating shorts through Put option. Buy Hero Motocorp Ltd CMP 126.60 Range 123-127 SL 75 Target 225 ...
Stock of the day : Hero Motocorp Ltd For Target Rs. 225 - Religare Broking
Hero MotoCorp is currently trading at Rs. 5619.95, up by 17.70 points or 0.32% from its previous closing of Rs. 5602.25 on the BSE. The scrip opened at Rs. 5698.50 and has touched a high and low of Rs. 5698.50 and Rs. 5569.25 respectively. So far 7804 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5894.30 on 18-Jun-2024 and a 52 week low of Rs. 2863.90 on 03-Jul-2023. Last one week high and low of the scrip sto...
Hero MotoCorp rises on reporting 15% growth in total sales in June 2024
In-line performance; New product cycle focused on driving mkt. share During 4QFY24, EBITDAM for Hero MotoCorp (HMCL) stood at 14.3% (+120bps YoY), inline with JMFe led by softening commodity costs and favourable mix. Demand momentum remains healthy and the company expects 125cc+ segment to drive double-digit revenue growth in FY25. Recent premium launches have been received well. Near-term focus is on ramping-up distribution and production of these launches and EVs. Positive operating leve...
BUY Hero MotoCorp Ltd. For Target Rs. 5,400 - JM Financial Services
Steady results; Xtreme 125 on brink of success HMCL’s Q4 performance was largely in line with reported EBITDA margin of 14.3% (underlying ICE margins at 15.6%). Volumes/Revenue/EBITDA/PAT grew ~9%/15%/26%/18% YoY. Management highlighted return of first-time buyers in rural markets and strong response to its recently launched Xtreme 125cc motorcycle. HMCL will continue with its efforts around product actions, upgrading/expanding distribution network, and scaling up the premium/EV port...
BUY Hero MotoCorp Ltd. For Target Rs. 6,000 - Emkay Global Financial Services
Two-wheeler manufacturing company Hero MotoCorp on Monday said that it will increase ex-showroom prices of select motorcycles and scooters by up to Rs 1,500 with effect from July 1. "The price revision will be up to Rs 1,500 and the exact quantum of increase will vary by specific model and market," the company said in an exchange filing. The two-wheeler maker made the upward revision "to partially offset the impact of higher input costs". In May, Hero MotoCo...
Hero MotoCorp to hike prices of select models by up to Rs 1,500 from July 1
Underlying ICE margins continues to be healthy Valuation and View – Operating performance continues to be steady HMCL’s 4QFY24 reported results were in-line with our/street estimates as EBITDA margins expanded 130bp YoY (+30bp QoQ) at 14.3%. However, underlying ICE margins were healthy at 15.6% (vs 16% in 3QFY24), supported by higher spare sales (SPAM) at ~Rs14b at 14.7% of sales (vs Rs14.6b in 3Q and Rs50.9b in FY24). Gross margins surprised at 33.6% (+150bp YoY/ +90bp QoQ)...
ADD Hero MotoCorp Ltd. For Target Rs. 5,333 - Yes Securities
In-line performance; demand outlook positive Guides to double-digit revenue growth for industry in FY25 * Hero MotoCorp (HMCL) posted an in-line operating performance in 4QFY24. Led by a favorable mix and cost savings, gross margins came in better at 33.6% (-20bp QoQ, our est. 32.7%). However, higher other operating expenses, partially due to ~130bp negative impact of EV spending, led to in-line EBITDA margin of 14.3%, up 130bp YoY. * We expect a CAGR of ~13.5%/15%/17% in revenue/EB...
Buy Hero MotoCorp Ltd. For Target Rs.5,320 - Motilal Oswal Financial Services
Hero MotoCorp is currently trading at Rs. 5592.05, up by 57.95 points or 1.05% from its previous closing of Rs. 5534.10 on the BSE. The scrip opened at Rs. 5599.15 and has touched a high and low of Rs. 5636.35 and Rs. 5540.00 respectively. So far 5281 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5777.40 on 05-Jun-2024 and a 52 week low of Rs. 2746.00 on 20-Jun-2023. Last one week high and low of the scrip sto...
Hero MotoCorp gains on getting nod to purchase additional 2.2% shares of Ather Energy
Hero MotoCorp is currently trading at Rs. 5252.30, up by 92.45 points or 1.79% from its previous closing of Rs. 5159.85 on the BSE. The scrip opened at Rs. 5199.95 and has touched a high and low of Rs. 5277.90 and Rs. 5015.90 respectively. So far 8855 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5305.45 on 03-Jun-2024 and a 52 week low of Rs. 2746.00 on 20-Jun-2023. Last one week high and low of the scrip sto...
Hero MotoCorp trades higher on the BSE
Two-wheeler manufacturing company Hero MotoCorp sold 498,123 units of motorcycles and scooters in May 2024, down 4.1 per cent from 519,474 units sold in May last year. Despite this decline, the company experienced a 12.6 per cent growth in the first two months (April-May 2024) of the fiscal year 2025 (FY25), selling 10.31 lakh units versus 9.15 lakh units in the same period last year. "The company has sold 10,31,708 units in the first two months of the financial year FY25, register...
Hero MotoCorp witnesses 4 pc drop in sales in May, export rises
Hero MotoCorp is currently trading at Rs. 5145.05, up by 2.60 points or 0.05% from its previous closing of Rs. 5142.45 on the BSE. The scrip opened at Rs. 5185.25 and has touched a high and low of Rs. 5197.80 and Rs. 5103.55 respectively. So far 1708 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5225.00 on 28-May-2024 and a 52 week low of Rs. 2,740.05 on 1-June-2023. Last one week high and low of the scrip sto...
Hero MotoCorp inches up on launching latest generation of iconic `Splendor+ XTEC 2.0`
India's largest two-wheeler manufacturing company Hero Motocorp's financial arm Hero Fincorp approved a Rs 4,000 crore Initial Public Offering (IPO) of equity shares with a face value of Rs 10 each. IPO will be a combination of a fresh issue and an offer for sale (OFS) by certain existing and eligible shareholders of the company. "The company's board of directors met on May 29, 2024. It has approved an IPO with shares having a face value of Rs 10 each," Hero ...
Hero Fincorp approves Rs 4,000 crore IPO
Ramp-up in new launches, the key Margins largely in-line Hero MotoCorp’s (HMCL IN) revenue stood at INR 95bn, flat QoQ/ up 15% YoY, driven by a 10% volume growth YoY. EBITDA grew 26% YoY to INR 13.6bn in Q4. EBITDA margin was up 130bps YoY to 14.3%, in line with our estimates and driven by product mix and moderation in commodity cost. The underlying EBITDA margin for the ICE business was 15.6% versus 16.0% in Q3FY24, excluding the impact of the EV business (ensuing impact of 130b...
Accumulate Hero MotoCorp Ltd. For Target Rs. R 5,312 By Elara Capital
Hero MotoCorp is currently trading at Rs. 4958.05, up by 70.10 points or 1.43% from its previous closing of Rs. 4887.95 on the BSE. The scrip opened at Rs. 4920.00 and has touched a high and low of Rs. 5044.00 and Rs. 4904.70 respectively. So far 25973 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5,044.00 on 14-May-2024 and a 52 week low of Rs. 2611.05 on 15-May-2023. Last one week high and low of the scrip s...
Hero MotoCorp rises on joining ONDC Network
Below the Views On Hero Motocorp Ltd. Q4FY24 Result by D. K. Mudaraddi, Research Analyst, StoxBox View: Q4FY24 results of Hero Motocorp reflects a healthy performance on all fronts. The company made prudent pricing changes during the quarter and focused on keeping realizations high. Commodity prices continue to stabilize and Hero has capitalized well on them. Almost all 6 of Hero’s launches during the year have been received well, especially the 3 Xtreme variants and ...
Views On Hero Motocorp Ltd. Q4FY24 Result by D. K. Mudaraddi, Research Analyst, StoxBox
Hero MotoCorp is currently trading at Rs. 4866.20, up by 241.85 points or 5.23% from its previous closing of Rs. 4624.35 on the BSE. The scrip opened at Rs. 4631.90 and has touched a high and low of Rs. 4919.85 and Rs. 4631.90 respectively. So far 88783 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4979.95 on 12-Feb-2024 and a 52 week low of Rs. 2572.15 on 10-May-2023. Last one week high and low of the scrip s...
Hero MotoCorp jumps on getting nod to set up wholly owned subsidiary in Brazil
Two-wheeler giant Hero MotoCorp on Wednesday reported an 18.4 per cent increase in its standalone net profit at Rs 1,016 crore for the January-March quarter of 2023-24, on the back of robust sales and higher selling prices for its products. The company had made a net profit of Rs 859 crore in the same quarter last year. The bike maker posted a 14.6 per cent growth in total revenue to Rs 9,519 crore in Q4FY24 as compared to Rs 8,307 crore in the same period last year. HeroMotoCo...
Hero MotoCorp posts 18 per cent rise in Q4 net profit, declares dividend of Rs 40 per share
Hero MotoCorp, India's largest motorcycle maker by market share, reported a bigger-than-expected rise in fourth-quarter profit on Wednesday, aided by sales of its bikes such as Splendor and Passion. The company's standalone profit rose 18.3% year-on-year to 10.16 billion rupees ($121.7 million) in the three months ended March 31. Analysts, on average, had expected a profit of 10.06 billion rupees, per LSEG data.
India's Hero MotoCorp beats Q4 profit estimates
Hero MotoCorp is currently trading at Rs. 4603.00, up by 60.60 points or 1.33% from its previous closing of Rs. 4542.40 on the BSE. The scrip opened at Rs. 4617.10 and has touched a high and low of Rs. 4617.10 and Rs. 4555.00 respectively. So far 7203 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4979.95 on 12-Feb-2024 and a 52 week low of Rs. 2470.60 on 02-May-2023. Last one week high and low of the scrip sto...
Hero MotoCorp gains on reporting 35% growth in total sales in April 2024
Focus on filling the product gaps in the premium segment We visited Hero MotoCorp (HMCL)’s Global Centre of Innovation and Technology (CIT) in Jaipur, where the company showcased its product line-ups and concepts in the premium motorcycle segment, scooters, and electric vehicles (EVs). During its product launch event in Jaipur, HMCL launched two new motorcycles: i) Xtreme 125R, to strengthen its position in the growing 125CC segment, and ii) Mavrick 440, a modern Roadster built on th...
Buy Hero Motocorp Ltd For Target Rs.4,440 - Motilal Oswal Financial Services Ltd
India's Bajaj Auto beat fourth-quarter profit estimates on Thursday, helped by strong domestic demand for its motorcycles and a recovery in two-wheeler exports. The 'Pulsar' bike-maker's standalone net profit climbed 35.1% to 19.36 billion rupees ($231.8 million) for the three months to March 31 from a year earlier. Analysts, on average, expected a profit of 18.26 billion rupees, per LSEG data. Strong domestic demand for two-wheelers, which boosted results in earlier qua...
India`s Bajaj Auto beats Q4 profit estimates on demand for bikes, export recovery
New launches to expand premium positioning Valuation and View We attended HMCL's Hero World 2024 event centered around 1) New product launches such as, Xtreme 125R motorcycle (all new engine) at Rs95k (ex-show, non ABS variant) and Maverick X440 (rebadged of HD X440), 2) EV - product road-map showcase in scooters with targeted launch in varied form factors by 1HFY25. HMCL also showcased the concept EV motorcycles (product development underway) and near production ready ICE scooters ...
Add Hero MotoCorp Ltd. For Target Rs. 5,021 By Yes Securities
Ola Electric, India's largest electric scooter maker, reduced the price of its cheapest variant by 12.5%, it said on Monday, as the loss-making company tries to boost sales after the government reduced subsidies. Ola [OLAE.NS] cut the price of the cheapest variant of its S1X model to 69,999 rupees (about $839), from 79,999 rupees, said Anshul Khandelwal, the company's marketing chief. The prices of other S1X variants were cut between 5.6% and 9.1%. The SoftBank Group-backed comp...
India`s Ola Electric cuts cheapest e-scooter prices by as much as 12.5%
Hero Motocorp Ltd * HEROMOTOCO has been showing signs of weakness after finding resistance around its previous breakdown zone which coincides with 61.8% retracement line. * The stock consolidated for nearly a month and has now registered a decisive breakdown from the same. * It is trading well below its short term moving average i.e. 20 and 50 EMA, which had provided key support in the past. * We thus recommend creating shorts through the Put option BUY 4400 PE Hero Mo...
Stock of the day : Hero Motocorp Ltd For Target Rs. 120 - Religare Broking
India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial to India hitting its goal of electrifying 70% of its two-wheeler fleet by 2030, as the world's third-largest importer of oil looks to reduce dependence on fossil fuels. "We've been able to cut down a lot of subsidy r...
India must keep e-scooter subsidies to boost adoption, Ather CEO says
Mahindra & Mahindra and Hyundai Motor's India unit reported higher car sales in March and both the companies ended fiscal 2024 with record sales figures, monthly data from the automakers showed on Monday. Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers. Maruti Suzuki, Tata Motors and Hero MotoCorp will report monthly numbers later in the day. WHY IT'S IMPORTANT The numbers are seen as a key indicator of private consumption ...
Hyundai`s India unit, Mahindra post higher March sales
Market share trajectory remains key Margins largely inline with estimates Hero MotoCorp’s (HMCL IN) EBITDA grew 47% YoY and 3% QoQ to INR 13.6bn in Q3. EBITDA margin was flat QoQ to 14.0%, in line with our estimates and driven by product mix and moderation in commodity cost. The underlying EBITDA margin for the ICE business was at 16.0% versus 15.0% in Q2FY24, excluding the impact of the EV business (ensuing impact of 200bps on margin). Q3 revenue rose 21% YoY and 3% QoQ to INR ...
Accumulate Hero MotoCorp Ltd. For Target Rs. 5312 By Elara Securities India
Despite lower single digit growth in ASP on YoY basis, HMCL has registered a revenue growth of 21% YoY basis to Rs.97.24bn in line with our estimates of Rs.96.3bn backed by 2.8% ASP growth and 17.8% volume growth on YoY basis. EBITDA jumped by 47.9% YoY to Rs.13.62bn. vs est of Rs.13.54bn. Margin expanded by 250bps YoY/-6bps QoQ to 14.0% (adjusting to EV impact it was ~16%. EBIDTA/vehicle also jumped by 25% to Rs.9329/vehicle due to better mix. RPAT for the quarter jumped by 51% to Rs. 10.74b...
Add Hero MotoCorp Ltd. For Target Rs.5364 By Choice Broking
Stocks of electric vehicle companies were riding high on the BSE, as the heavy industries ministry has introduced a ‘Electric Mobility Promotion Scheme 2024 (EMPS 2024) to further accelerate the adoption of electric vehicle (EV) in the country. This is a fund limited scheme with a total outlay of Rs 500 crore for the period of 4 months, with effect from April 1, 2024 till July 31, 2024, for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetu...
EV stocks catch speed after government introduces new scheme to promote e-mobility in country
Hero Motocorp Ltd * After a steady uptrend for over 5 months, HEROMOTOCO is now showing some signs of trend reversal. * It has reversed finding resistance around its previous breakdown zone which coincides with 61.8% retracement line. * Stock has decisively closed below its short term moving average, i.e., 20, which had provided key support in the past. * We thus recommend creating shorts through the Put option. BUY 4500 PE Hero Motocorp Ltd CMP 89.90; Range 85-90;&nbs...
Stock of the day : Hero Motocorp Ltd For Target Rs. 145 - Religare Broking
Strong double-digit year on year growth in February 2024 is likely for two-wheeler wholesale volumes due to good demand with retails up 10 per cent and a favourable base, Anand Rathi Research said in a note. Passenger vehicle volumes are likely to have grown at a healthy pace led by positive retail trends with retails up 4 per cent and inventory build. Commercial vehicles, though, are likely to have slid in single digits due to weak LCV volumes and a high base. Tractors are likely to ha...
Double-digit growth estimated in two-wheelers for Febuary
Hero MotoCorp is currently trading at Rs. 4745.05, up by 1.50 points or 0.03% from its previous closing of Rs. 4743.55 on the BSE. The scrip opened at Rs. 4743.45 and has touched a high and low of Rs. 4762.00 and Rs. 4668.05 respectively. So far 2360 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4979.95 on 12-Feb-2024 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 inches up on BSE
India's Eicher Motors said on Tuesday that it expects international sales of its Royal Enfield motorcycles to pick up in the next two to three quarters after struggling with exports for nearly two years. Strong domestic sales of Royal Enfield, a premium-priced motorcycle, helped Eicher post a bigger-than-expected 12.3% jump in revenue to 41.79 billion rupees ($504 million) for the October-December quarter. However, Royal Enfield exports, as a share of total sales, were just 6.4% in ...
India`s Eicher expects Royal Enfield motorcycle exports to pick up after two-year slump
Hero Motocorp Ltd (Hero) reported strong set of numbers in Q3 FY24 with the 2W industry in a sweet spot. Volumes grew by 17.8% yoy and 3.1% qoq as 2W segment saw a gradual sequential pick-up in growth post a dull FY 23. Topline grew by 21% yoy on 3% yoy growth in ASPs and better product mix. Net realizations remained flattish to ?66.6K. The spares business also supported the cause as they had a good growth of 13% yoy and 8% qoq to ?14 bn. The retail demand in Q3 witnessed a solid growth on th...
Buy Hero Motocorp Ltd For Target Rs.5,555 - LKP securities Ltd
Hero MotoCorp is currently trading at Rs. 4679.95, down by 228.55 points or 4.66% from its previous closing of Rs. 4908.50 on the BSE. The scrip opened at Rs. 4979.95 and has touched a high and low of Rs. 4979.95 and Rs. 4630.00 respectively. So far 24442 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4924.05 on 09-Feb-2024 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip...
Hero MotoCorp falls despite reporting 51% rise in Q3 consolidated net profit
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