Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Hero MotoCorp Ltd gained for a third straight session today. The stock is quoting at Rs 5675.5, up 1.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25868.3. The Sensex is at 84466.7, up 0.61%. Hero MotoCorp Ltd has gained around 4.53% in last one month.
Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has gained around 0.46% in last one month and is currently quoting at 27228.6, up 0.18% on the day. The volume in the stock stood at 2.39 lakh shares today, compared to the daily average of 11.01 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 5686, up 1.55% on the day. Hero MotoCorp Ltd is up 8.26% in last one year as compared to a 4.39% jump in NIFTY and a 8.02% jump in the Nifty Auto index.
The PE of the stock is 24.26 based on TTM earnings ending June 25.
Hero MotoCorp announced its official entry into the Republic of Italy. As the world's #1 two-wheeler manufacturer for over 24 years serving a massive consumer base of 125 million globally, this expansion marks Hero MotoCorp's entry into its 49th international market.
With two state-of-the-art R&D facilities in Germany and India, the company is committed to delivering future-ready, sustainable and smart mobility solutions that empower diverse rider preferences globally. The distribution of products from Hero MotoCorp will be managed by Pelpi International, one of Italy's largest distributors offering two-wheeler sales, service and parts across Italy through a network of 160+ dealers and a strong team of passionate riders led by Cesare Galli. Initial distribution of products from Hero MotoCorp will focus on key cities with 36+ dealers, gradually expanding to 54.
As Hero MotoCorp debuts in Italy, it brings with it a powerful philosophy: “You Are Limitless.” The three flagship models - Xpulse 200 4V, Xpulse 200 4V Pro and Hunk 440 - represent this philosophy in motion.
Sanjay Bhan, Executive Vice President, Hero MotoCorp, stated: 'Entering Italy, the very heartland of two-wheeler culture, marks a defining milestone in Hero MotoCorp's global expansion journey. We aim to redefine ‘The Future of Mobility' at a global scale with next-gen smart mobility solutions that cater to diverse riding preferences. With products that reflect both the Explorer and Liberator spirit, we are inviting Italian riders to experience Limitless Freedom and Limitless Adventure every day. Our success in the Dakar Rally with Hero MotoSports is a testimony of our global engineering excellence and the innovation in products that we are bringing for Italy market.'
The company’s two-wheeler dispatches in the same period last year were 6,37,050 vehicles.
Domestic sales for the period under review aggregated to 6,47,582 vehicles (up 5% YoY) and exports added up to 39,638 vehicles (up 94.83% YoY).
While motorcycle sales increased by 6,26,217 units (up 4.80% YoY), scooter sales jumped by 54.35% YoY to 61,003 units in September 2024.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters, with a global footprint spanning 48 countries across Asia, Africa and Latin America. It has collaborations with Harley-Davidson and Zero Motorcycles and strategic investments in Ather Energy and Euler Motors.
The company’s standalone net profit rose 0.3% to Rs 1,125.70 crore despite of 5.6% decline in revenue from operations to Rs 9,578.86 crore in Q1 FY26 over Q1 FY25.
Shares of Hero MotoCorp shed 0.16% to Rs 5,420.80 on the BSE.