Hero MotoCorp Ltd Share Price (HEROMOTOCO)

Emkay Global Upgrades Hero MotoCorp Rating to Buy - 25 Apr, 2024

Emkay Global Financial Services has upgraded the rating for Hero MotoCorp shares to Buy from Reduce with a target price of Rs 5100. The brokerage cites recent product launches, sustained growth in the domestic two-wheeler market, and positive outlook for monsoons as reasons for the recommendation.

Hero MotoCorp's CTO Resigns; Vikram Kasbekar to Head R&D - 23 Apr, 2024

Hero MotoCorp's Chief Technology Officer, Arun Jaura, has resigned. Effective April 30th, Vikram Kasbekar will assume additional responsibilities by leading the Research and Development function of the company.

Hero MotoCorp Launches Assembly Facility in Nepal; CTO Steps Down - 22 Apr, 2024

Hero MotoCorp has opened an assembly facility in Nepal with a capacity of 75,000 units per annum and launched four products. The company's CTO, Dr. Arun Jaura, has resigned and will be replaced by Vikram Kasbekar. The stock price jumped by 2.28%.

Hero MotoCorp Opens Assembly Facility in Nepal - 21 Apr, 2024

Hero MotoCorp has partnered with its distributor CG Motors to open an assembly facility in Nepal. The new facility will have a capacity of 75,000 units per annum and will assemble four products locally. This move is expected to bring new investments and create job opportunities in the region.

Hero MotoCorp Trademarks Mavrick Scrambler Name - 19 Apr, 2024

Hero MotoCorp has trademarked the name 'Mavrick 440 Scrambler' in India, indicating a new retro-styled street motorcycle is in development. The bike will likely feature a 440cc air and oil-cooled single-cylinder engine with 27bhp and 36Nm of peak torque, mated to a six-speed gearbox. Hero may retain most of the styling and bodywork from the Harley-Davidson X440 platform while adding spoke wheels, larger rims, taller suspension, and a new instrument console.

Hero MotoCorp Commences Deliveries of Mavrick 440 Bikes - 16 Apr, 2024

Hero MotoCorp has started delivering its bike Mavrick 440 to customers across India. Meanwhile, the company's stock continues to decline for the fifth consecutive session.

Hero MotoCorp Begins Deliveries of Mavrick 440 Motorcycle - 15 Apr, 2024

Hero MotoCorp has started delivering its new Mavrick 440 motorcycle across India, marking an important entry into the middle-weight segment. Additionally, an article highlights the excellent after-sales service provided by Sehgal Autoriders, a premier auto dealer offering Hero bikes in Pune.

Hero MotoCorp Reports Positive Q2FY24 to Q3FY24 Results - 14 Apr, 2024

Hero MotoCorp, one of India's largest motorcycle manufacturers, reported positive movements in operating revenues and after-tax profit figures during Q2FY24 to Q3FY24. The company exhibited a dividend yield of 2.22% and a debt-to-equity ratio of 0.04 times. Return on equity (RoE) and return on capital employed (RoCE) were healthy during FY22-23.

Hero MotoCorp Ltd's Low P/E Ratio Indicates Investor Anticipation of Earnings Instability - 11 Apr, 2024

Hero MotoCorp Ltd has a lower P/E ratio than most other companies in India, indicating investor anticipation of earnings instability and potential risks. While the company has been growing its earnings faster than most others, analysts predict comparable growth rates over the next three years.

Hero MotoCorp Expects 12.6% YoY Revenue Growth - 09 Apr, 2024

Hero MotoCorp estimates a 12.6% YoY revenue growth due to volume and ASP growth, resulting in EBITDA margin expansion by 114bps YoY and PAT growth of 20.2% YoY.

Hero MotoCorp Receives Tax Demand Notice - 05 Apr, 2024

The Income Tax Department has issued a notice to Hero MotoCorp worth Rs 605 crore, inclusive of interest, for six assessment years. The company will contest the notices with appellate authorities and believes that the demand raised is unsustainable in nature and unlikely to have a material impact on financials.

Hero MotoCorp Receives Tax Demand Notice Worth Rs 605 Crore - 04 Apr, 2024

Hero MotoCorp has received a tax demand notice from the Income Tax Department for Rs 308.65 crore and interest thereon of Rs 296.22 crore for six assessment years, including FY14 to FY18 & FY20. The company will file appeals against the orders with appellate authorities.

Hero MotoCorp Sales Decline in March; Registers Growth in FY24 - 02 Apr, 2024

Hero MotoCorp's March sales declined 5.6% YoY, while it registered a 5.5% growth in total sales for FY24. The company missed research estimates but closed the fiscal year with strong sales and growth in global business sales.

Hero MotoCorp Witnesses Growth in Sales and Investments - 01 Apr, 2024

Hero MotoCorp sees growth in sales and investments as it witnesses a 5.49% increase in total sales for FY24 and a 107.91% return on investments over the past year. The company also experiences a revival of entry-level motorcycle demand in rural areas.

Hero MotoCorp Launches New Scooter Variant; Stock Price Rises by 101% - 29 Mar, 2024

Hero MotoCorp has launched a new Xtec variant of its Pleasure Plus scooter range. The company's stock price has risen by 101%, reaching an all-time high of Rs. 4,949.05 on February 12, 2024, accompanied by a YoY profit increase of 46% and top-line growth of 10% for the 9-month period.

Mixed Volume Trend for March 2024 - 28 Mar, 2024

March volume trend is expected to show robust growth in 2W/PV, while tractor/CVs may contract. Hero MotoCorp is likely to lag at single-digit growth compared to TVS/Bajaj Auto's 20%+ growth.

Hero MotoCorp Stock Receives Positive Outlook from Analysts - 27 Mar, 2024

Hero MotoCorp's stock has seen impressive returns and positive outlook from analysts due to notable recovery in EBITDA margin, strong consumer response to products, focus on premiumisation, expansion into EVs, and double-digit revenue growth expected by FY2025.