Hero MotoCorp Ltd (HEROMOTOCO)

Hero MotoCorp Faces Legal Setback, Reports Loss Due to Ather Energy - 24 Jul, 2024

The Delhi High Court invalidated a summons issued to Hero Motocorp chairman Pawan Kant Munjal in a foreign currency case. Meanwhile, Ather Energy's losses of nearly Rs 400 crore brought down Hero MotoCorp's profits for FY24.

Hero MotoCorp Shares Rise After Budget Allocation for Rural Development - 23 Jul, 2024

Hero MotoCorp shares rose by nearly 12% following the announcement of a budgetary allocation of Rs 2.66 lakh crores for rural development and infrastructure. The increase in rural allocation is expected to benefit two-wheeler manufacturers like Hero and Bajaj Auto, boosting sales of entry-level bikes. Additionally, Citi reports that the government's likely allocation of more funds to rural schemes will further boost consumption, benefiting companies such as Hero MotoCorp.

Hero MotoCorp Plans Expansion into Electric Two-Wheeler Market - 22 Jul, 2024

Hero MotoCorp is set to launch new affordable electric scooter models and has not filed the BRSR report for FY24. Investors are hopeful that the government's allocation of more funds to rural schemes will benefit companies like Hero MotoCorp.

Hero MotoCorp Plans Affordable EV Rollout - 21 Jul, 2024

Hero MotoCorp is set to launch affordable electric vehicle models this fiscal year and has expanded the presence of its EV scooter VIDA from three to over 100 cities. The partnership with Zero Motorcycle will facilitate the development of new EV motorcycles targeted at a distinct customer segment.

Mixed Signals for Hero MotoCorp Stock - 19 Jul, 2024

Hero MotoCorp's stock has been the worst performer among major players in the segment, slipping up to 3% in the last month. However, analysts predict that the stock will surpass Rs 5,670 and retest its prior high, with a favorable risk-reward ratio for long positions now.

Hero MotoCorp Ltd Rises for Third Straight Session - 15 Jul, 2024

Hero MotoCorp Ltd stock rose by 1.55% to Rs 5633 on the NSE, while the benchmark NIFTY is up around 0.38%. The Sensex is at 80712.82, up 0.24%. The PE of the stock is 27.12 based on TTM earnings ending March 24.

Hero MotoCorp Witnesses YoY Decline in Scooter Sales - 13 Jul, 2024

In June 2024, Hero MotoCorp sold 28,871 units of scooters compared to 29,708 in June 2023, witnessing a YoY decline of 2.8%. However, the company witnessed a growth of 17.6% in motorcycle sales.

Hero MotoCorp Stock Up by 24% in Three Months - 12 Jul, 2024

Hero MotoCorp's stock has seen a significant increase of 24% over the past three months. The company's key financial indicators, particularly ROE, will be analyzed to determine if they have played a role in this recent price movement.

Hero MotoCorp Stock Reaches All-Time High - 10 Jul, 2024

Hero MotoCorp's stock has been performing well, with a market cap crossing Rs 1 lakh crore and reaching an all-time high price of Rs 5,894.30 per share. The stock opened in green on July 10th, generating an overall return of 80% over the past year and 36% over the past 6 months.

Axis Securities Recommends Buy Call on Hero MotoCorp - 09 Jul, 2024

Axis Securities has recommended a buy call on Hero MotoCorp with a target price of Rs 6,106 per share, implying an upside of 10% from the current market price. The brokerage cited the company's EBITDA margin in Q3 and expected growth in the entry and 125cc segment as reasons for optimism.

Hero MotoCorp Faces Sales Challenges Despite Positive Growth Expectations - 08 Jul, 2024

Despite positive growth expectations for the two-wheeler industry, Kotak highlights challenges for Hero MotoCorp in scaling sales to meet market expectations. However, Axis Securities expects a 10% upside for the stock due to new product launches and volume growth opportunities. CareEdge Ratings also predicts steady volume growth for two-wheelers, which is expected to fuel growth for Hero MotoCorp.

Hero MotoCorp Shares Dip After Bajaj Auto Launches CNG Motorcycle - 05 Jul, 2024

Shares of Hero MotoCorp fell 3.2% after Bajaj Auto launched the world's first CNG motorcycle, Freedom 125, prompting Bajaj's MD to express a desire to surpass Hero MotoCorp.

Hero MotoCorp Launches Limited Edition Bike to Honor Founder - 03 Jul, 2024

Hero MotoCorp has launched a limited edition of its Karizma bike, named The Centennial, in honor of the company's founder. Only 100 units will be produced and auctioned off to employees, associates, business partners, and stakeholders with proceeds going towards societal welfare initiatives.

Hero MotoCorp Reports Strong Sales Growth in June - 02 Jul, 2024

Hero MotoCorp reported a 15% YoY increase in total sales for June 2024, with domestic sales up 16%. The company also recorded a 13.5% growth in Q1 FY24-25 compared to the previous year. Hem Securities has a buy call on Hero MotoCorp with a target price of Rs 6696.

Hero MotoCorp Launches Limited Edition Model - 01 Jul, 2024

Hero MotoCorp has launched a limited edition Karizma CE001 model, paying tribute to the company's founder. The bike will be produced in only 100 units and auctioned on the brand's website. Meanwhile, Hero MotoCorp stock rallied over 1% following the release of June month sales numbers.

Hero MotoCorp Sells 1.8 Million Units in Q1; Wins Publicis Media Mandate - 28 Jun, 2024

Hero MotoCorp sold 1.8 million units in the domestic market during Q1 and stayed ahead of Honda's sales growth of 19.4%. The company will pay a dividend of ₹40.00 on September 11, with an expected EPS growth of 53.3% next year. Publicis Media won the media mandate for Hero MotoCorp worth ₹600 crore.