Hero MotoCorp Ltd (HEROMOTOCO)

Hero MotoCorp Joins ONDC Network, Shares Hit 52-Week High - 15 May, 2024

Hero MotoCorp became the first automotive company in India to join the Open Network for Digital Commerce (ONDC) network. The two-wheeler manufacturer's total revenue grew by more than 13% to ₹9,699.34 crore from ₹8,543.7 crore in Q4 FY24. LKP Research has recommended a 'Buy' rating on Hero Motocorp Ltd with a target price of Rs. 5378.

Hero MotoCorp Sees Growth Across Multiple Fronts - 14 May, 2024

Hero MotoCorp's shares have risen consistently over the past year, gaining 57%, significantly outperforming Nifty 50. The company joined the ONDC network on May 13th, becoming the first auto company in India to do so. Hero MotoCorp also witnessed a significant increase in sales, with a 31% rise in wholesales compared to April last year. Additionally, the company is looking for inorganic growth to strengthen its EV play.

Hero MotoCorp Joins ONDC Network and Plans Overseas Manufacturing Factory - 13 May, 2024

Hero MotoCorp has joined the ONDC network to provide an enhanced purchasing experience. The company also announced its plans to establish its first overseas manufacturing factory in Brazil, aiming to drive market share gains through new launches. Goldman Sachs, Jefferies, Yes Securities, Motilal Oswal, and CLSA have picked Hero MotoCorp as a hot stock pick.

Hero MotoCorp Faces Competition, Announces Dividend Payment - 11 May, 2024

Hero MotoCorp is facing increased competition in the market but has announced a dividend payment of ₹40.00 per share on September 11, with an annual payment of 2.4% of the stock price.

Hero MotoCorp Gains After Positive Recommendations and Strong Q4 Results - 10 May, 2024

Hero MotoCorp's Q4 results show strong YoY growth in revenue and profits. Axis Direct and ICICI Direct are both bullish on the stock, recommending it with targets of Rs 5,530 and Rs 5,600 respectively. The stock gained 2.97% on the NSE.

Hero MotoCorp Reports Strong Q4 Results - 09 May, 2024

Hero MotoCorp's Q4FY24 results showed a 4.6% YoY growth in the company's average realization, reaching ₹68,373. The company is expected to see double-digit revenue growth for FY25, aided by strong domestic demand from urban and rural areas, as well as upcoming product launches and enhancements to the distribution network. Hero MotoCorp is actively expanding its EV portfolio, with new launches expected in the first half of FY25.

Hero MotoCorp Reports Strong Q4 Results and Plans New Launches - 08 May, 2024

Hero MotoCorp reported strong Q4 results with an 18% YoY increase in net profit and announced the launch of new scooters ahead of the festive season. The company also plans to expand its presence in the electric two-wheeler segment and increase market share through new launches.

Analysts Predict Strong Q4 Results for Hero MotoCorp - 07 May, 2024

Hero MotoCorp is set to announce its Q4FY24 results on May 8, with analysts forecasting a robust quarter driven by healthy volume growth and strong sales figures. Revenue is expected to grow around 14% YoY, while net profit is likely to rise 22%. EBITDA margins are also predicted to improve up to 123 bps YoY due to richer product mix, commodity tailwinds price hikes, and lower other expenses.

Hero MotoCorp Reports 34.7% YoY Growth in April Sales - 03 May, 2024

Hero MotoCorp reported sales of 5,33,585 units in India in April 2024, a growth of 34.7% compared to the same period last year. The company's scooter sales stood at 37,043 units.

Hero MotoCorp Reports Strong Sales Growth in April 2024 - 02 May, 2024

Hero MotoCorp reported strong sales growth in April 2024 with a 34.7% YoY increase in unit sales. Domestic sales grew by 33%, while exports surged by 105%. The company also posted impressive Q3 FY24 results with a 51% jump in net profit and declared an interim dividend of ₹100 per share.

Hero MotoCorp Announces Pricing for Harley-Davidson 2024 Models - 30 Apr, 2024

Hero MotoCorp has announced the ex-showroom prices for its 2024 range of Harley-Davidson motorcycles in India, starting from Rs 13.39 lakh up to Rs 41.79 lakh.

Axis Securities Picks Hero MotoCorp as Top Pick of the Week - 29 Apr, 2024

Hero MotoCorp is Axis Securities' top pick of the week due to new product rollout, improvement in 2W business, robust margin trajectory, and rural recovery. The brokerage has a buy call on the stock with a target price of ₹4,935, implying a potential upside of 10%. Hero MotoCorp reported a 5.5% increase in total sales for FY23-24, demonstrating a positive trend.

Emkay Global Upgrades Hero MotoCorp to Buy - 26 Apr, 2024

Emkay Global has upgraded Hero MotoCorp stock to Buy from Reduce with a revised target price of Rs 5,100. The broking firm believes the shares remain attractively valued and have a multi-year low valuation discount versus Bajaj Auto. Replacement-led upturn provides growth visibility in two-wheelers for 2-3 years. Positive initial weather forecasts for the 2024 monsoon season may further drive rural demand.

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.