Hero MotoCorp gains after declaring good monthly sales
04 - Jun - 2018 12:00 AM | 16 days ago
The announcement was made after market hours on Friday, 1 June 2018.
Meanwhile, the S&P BSE Sensex was up 86.66 points, or 0.25% to 35,313.92.
On the BSE, 3,406 shares were traded in the counter so far compared with average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 3,678.05 and a low of Rs 3,638.30 so far during the day. The stock hit a record high of Rs 4,200 on 23 August 2017. The stock hit a 52-week low of Rs 3,353.75 on 23 March 2018.
Sustaining strong sales momentum, Hero MotoCorp has continued to further consolidate its domestic market leadership with an all-time high sales for the month of May. During the month, Hero MotoCorp showcased its new offering in the premium segment-the Xtreme 200R. This motorcycle is slated for launch in the second quarter of this fiscal.
With the forecast of a good monsoon this year, there is expectation of an uptick in market demand in the later part of the year, leading to a sustained momentum in the positive turnaround in sentiments across the country, Hero MotoCorp said. The company is well placed to leverage that with the upcoming introduction of its new motorcycles and scooters during the year, it added.
Hero MotoCorp's net profit rose 34.78% to Rs 967.40 crore on 23.71% growth in net sales to Rs 8,564.04 crore in Q4 March 2018 over Q4 March 2017.
Hero MotoCorp is the world's largest manufacturer of two-wheelers.
Hero MotoCorp despatched 706,365 units of motorcycles and scooters in May 2018 ¨C a growth of 11% over the corresponding month in the previous fiscal (May 2017) when the Company had sold 6,33,884 units.
During the month, Hero MotoCorp showcased its new offering in the premium segment ¨C the Xtreme 200R. This motorcycle is slated for launch in the second quarter of this fiscal.
With the forecast of a good monsoon this year, there is expectation of an uptick in market demand in the later part of the year, leading to a sustained momentum in the positive turnaround in sentiments across the country. Hero MotoCorp is well placed to leverage that with the upcoming introduction of its new motorcycles and scooters during the year.
Hero MotoCorp Ltd rose for a third straight session today
28 - May - 2018 12:00 AM | 23 days ago
Hero MotoCorp Ltd rose for a third straight session today. The stock is quoting at Rs 3595, up 1.19% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is up around 0.83% on the day, quoting at 10693.2. The Sensex is at 35173.74, up 0.71%. Hero MotoCorp Ltd has dropped around 3.68% in last one month.
Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has dropped around 5.29% in last one month and is currently quoting at 10883, up 1.18% on the day. The volume in the stock stood at 1.04 lakh shares today, compared to the daily average of 3.16 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 3596.25, up 1.17% on the day. Hero MotoCorp Ltd is down 1.93% in last one year as compared to a 11.33% gain in NIFTY and a 2.4% gain in the Nifty Auto index.
The PE of the stock is 19.18 based on TTM earnings ending March 18.
Hero MotoCorp standalone net profit rises 34.78% in the March 2018 quarter
02 - May - 2018 12:00 AM | 48 days ago
Net profit of Hero MotoCorp rose 34.78% to Rs 967.40 crore in the quarter ended March 2018 as against Rs 717.75 crore during the previous quarter ended March 2017. Sales rose 23.71% to Rs 8564.04 crore in the quarter ended March 2018 as against Rs 6922.80 crore during the previous quarter ended March 2017.
For the full year,net profit rose 9.48% to Rs 3697.36 crore in the year ended March 2018 as against Rs 3377.12 crore during the previous year ended March 2017. Sales rose 13.09% to Rs 32230.49 crore in the year ended March 2018 as against Rs 28500.46 crore during the previous year ended March 2017.
