Tag: hero motocorp

The Indian benchmark indices started nearly 0.5 percent higher today (15th Nov.2021) supported by firm global cues and broad-based buying back home. In early deals, the BSE Sensex quoted at 61,026 levels, up 339 points, while the Nifty50 was at 18,197 levels, up 94 points. Hero MotoCorp was among the top gainers on the Nifty index, up 3 percent, on a healthy operational performance in Q2. The company reported standalone Ebitda of Rs 1,156 crore, up from Rs 515 crore YoY, and higher than Street estimates of Rs 904 crore. Margins, meanwhile, came in at 13.5 percent, up from 9.4 percent YoY and Bloomberg estimate of 11.2 percent. In the broader markets, the BSE MidCap and SmallCap indices added up to 0.4 percent. Read more

The benchmark indices in Indian markets traded with slim gains in today's(6th May 2021) morning deals amid favourable cues from other Asian markets. The S&P BSE Sensex hovered around 48,820 levels, up 150 points, and the Nifty50 index topped the 14,650-mark. Bajaj Auto, ONGC, and Bajaj Finance gained 1 percent, each, and were the top Sensex gainers. Among other individual stocks, IDBI Bank zoomed 15 percent after the Cabinet Committee on Economic Affairs gave its in-principle approval for strategic disinvestment along with transfer of management control in the bank. The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 2.8 percent. Read more

Hero MotoCorp (HMCL) one of The two-wheeler Company Shares slipped 12% in February to hit an over five-year low of Rs 2,192 on the BSE on Monday amid concerns that the volume weakness might continue in the next 2-3 quarters due to inventory correction with dealers and notable price increases as a result of the BSVI transition. The two-wheeler major's stock was trading at its lowest level since May 2014. Its production is likely to be impacted by around 10 per cent in February due to the ongoing issue of Coronavirus (Covid-19) in China that has affected the supply of some components to its manufacturing facilities in India The company has said the loss due to the ongoing issue of Coronavirus, if any, is not quantifiable and will depend on the developing situation in China.