Hero MotoCorp announced that it has renewed its association with the globally admired, Golfing great Tiger Woods. The journey of the Heroes began in 2014 when Hero MotoCorp signed Tiger as its Global Corporate Partner.

Powered by Capital Market - Live News

Hero MotoCorp Ltd rose for a third straight session today. The stock is quoting at Rs 2946.1, up 1.99% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 10581.85. The Sensex is at 35167.9, down 0.2%. Hero MotoCorp Ltd has added around 0.89% in last one month.

Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has added around 3.55% in last one month and is currently quoting at 9219.5, up 0.66% on the day. The volume in the stock stood at 1.55 lakh shares today, compared to the daily average of 5.47 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 2941.05, up 1.65% on the day. Hero MotoCorp Ltd is down 18.28% in last one year as compared to a 2.52% gain in NIFTY and a 17.04% gain in the Nifty Auto index.

The PE of the stock is 15.78 based on TTM earnings ending September 18.

Powered by Capital Market - Live News

The announcement was made after market hours yesterday, 6 November 2018.

Meanwhile, the S&P BSE Sensex was up 234.77 points, or 0.67% to 35,226.68.

On the BSE, 1,379 shares were traded in the counter so far compared with average daily volumes of 22,000 shares in the past two weeks. The stock had hit a high of Rs 2,893.65 and a low of Rs 2,875 so far during the day.

The XPulse 200T is a 'Tourer' that offers customers modern technology in retro styling. Built to inspire touring, the XPulse 200T offers easy and comfortable riding posture. The motorcycle offers a host of safety and convenience features such as single channel ABS, LED head and tail lamps, digital speedometer with Bluetooth connectivity and turn-by-turn navigation.

Hero MotoCorp has been rapidly building up a robust range of premium motorcycles and scooters. The Xtreme 200R, which was recently launched in India, is a youthful city motorcycle. The XPulse 200T on the other hand is a touring motorcycle, while the XPulse 200 caters to the adventurers beyond paved roads. Both XPulse 200 and XPulse 200T are likely to be launched in the market towards the beginning of next year.

Emphasizing its focus on a diverse range of higher capacity products, Hero MotoCorp also showcased its new range of 125cc scooters - Duet 125 and Dash 125 (Destini 125 and Maestro Edge 125 in the Indian market) at the EICMA. Developed for customers across the globe, the scooters exude youthful styling, premium features and superior technology. Compliant with the stringent Euro IV emission norms, these scooters and motorcycles give Hero immense opportunity to meet the market demands in several geographies across the world.

Hero MotoCorp is the world's largest manufacturer of two-wheelers, based in India.

Powered by Capital Market - Live News

Hero MotoCorp despatched 734,668 units of motorcycles and scooters inOctober 2018 - a growth of 16.4% over the corresponding month of the previous fiscal (October 2017) when the Company had sold 631,105 units.

Coming immediately after the Company's highest-ever monthly sales (769,138 in September 2018), the growth provides a positive outlook on the industry, which has witnessed a sub-par festive season sales thus far this year.

Powered by Capital Market - Live News