Hero MotoCorp shares

Sales booster! Hero MotoCorp shares scale 8-month high

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Sales booster! Hero MotoCorp shares scale 8-month high

Shares of Hero MotoCorp surged to an 8-month high in trade on Friday, buoyed by the rise in vehicle sales in May. Shares of the company rose nearly 3% to Rs 2,880 on the National Stock Exchange (NSE). Earlier in the day, the stock touched an 8-month high of Rs 2,912.65. The gains were backed … Read more

Hero MotoCorp Q4 Preview: Weak volumes to hit top and bottom line; margin may fall 100-150 bps

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Hero MotoCorp Q4 Preview: Weak volumes to hit top and bottom line; margin may fall 100-150 bps

NEW DELHI: is likely to report a 15-25 per cent drop in standalone net profit for the March quarter on a 13-15 per cent fall in net sales. Margins are seen contracting 100-150 basis points. Profit may decline on YoY basis due to a muted volume performance. The automaker reported a 24.2 per cent YoY … Read more