Adani Ports, Bharti Airtel, Hero MotoCorp, Maruti Suzuki, Eicher Motors, Zee Entertainment, Jet Airways and IndiGo from the S&P BSE500 index hit their respective 52-week low today.
Shree Cement, Grasim Ind, Container Corporation, Indian Bank, Motilal Oswal Financial, Edelweiss Financial and Oracle Financial Services were among 10 stocks from the S&P BSE 200 index hit 52-week low
Hero MotoCorp (Rs 2,934) and M&M (Rs 794) up 5% after these companies posted more than 15% year-on-year growth in total sales during the month of October.
The update on demand trend in rural and urban markets and new model launch pipeline will be the key monitorables
Hero MotoCorp has renewed its association with the Star India and IMG Reliance-promoted Indian Super League (ISL) for another three years, tripling its investment in the domestic football tournament. On board since the league's launch in 2014, Hero's previous deal with ISL was valued at $8 million (around 51 crore) for three years. The renewed deal is estimated at $25 mn (Rs 160 crore) for another three years. "ISL has proven a success in terms of spectatorship (in-stadia attendance) and followership (TV viewership, social media engagement). As part of our strategy on football, we have tried not only to create a domestic football league to promote the sport but also attempt to increase the width of the games available to viewers. Hero's commitment affirms the belief (we have) that the league is primed for a revenue upswing as well," says Sanjay Gupta, managing director of Star India. Hero's commitment will extend further than the title sponsorship to in-stadia visibility and on-air ..
Eicher Motors, Hero MotoCorp and Bajaj Auto have rallied between 3% and 6% on BSE.
Growth momentum to continue in FY19 on rural demand, distribution presence and new launches
Withdrawal of tax benefits at Haridwar, higher raw material costs will dent margins
The company's revenue from operations grew 15% to Rs 73.05 bn
Company recorded a 10.9% y-o-y growth in sales
At the operating level, analysts see a dip in margin due to higher discounts and adverse working capital owing to weak demand
Revenue from operations, however, declined to Rs 8,185.97 crore for April-June period as compared with Rs 8,913.27 crore in the same period of 2018-19
Earns Rs 914-cr profit in June quarter
The company said it sold 1.9 million two-wheelers, up 6.2% compared to the same period in 2016
Hero MotoCorp's volume growth expected to be strong on rural demand, product launches
Auto companies in India count deliveries to dealers as sales.
Suzuki Motorcycle India Pvt Ltd (SMIPL) has overtaken Hero MotoCorp to be the third largest scooter maker by sales in the first half (H1) of the current fiscal, according to a latest data by auto industry body SIAM. Honda Motorcycle & Scooter India (HMSI) continues to be the undisputed leader in the segment followed distantly by Chennai-based TVS Motor Company. In April-September this fiscal, SMIPL sold a total of 3,41,928 units of scooters as compared to Hero MotoCorp's 2,49,365 units, as per Society of Indian Automobile Manufacturers (SIAM) data. During the comparable period a year ago, SMIPL had sold 2,91,847 units as compared to Hero MotoCorp's 3,91,019 units. In terms of growth, SMIPL saw its scooter sales grow by 17.16 per cent in April-September this fiscal -- the only scooter maker among top the top five manufacturers to post positive numbers. Hero MotoCorp, on the other hand, witnessed a decline of 36.23 per cent in the same period. The total scooter market had declined
Suzuki Motorcycle India Pvt Ltd (SMIPL), however, reported a marginal increase in domestic sales last month
Total scooter sales declined 41.66 per cent to 21,220 units as compared to 36,373 units in the year-ago month
The country's largest two-wheeler maker Hero MotoCorp plans to drive in BS-VI upgrades of around ten products, including five top-selling bikes and scooters by February next year, as it aims to upgrade its product portfolio well before the deadline of April, 1 2020, according to sources. The two wheeler major plans to showcase the upgraded products at an event in February 2020 at its R&D centre (Centre of Innovation and Technology), in Jaipur, "Within the next 4-8 weeks, the company will launch around ten BS-VI products including its key products such as Splendor, HF Deluxe, Glamour motorcycles and Maestro Edge scooter, a company source said. Hero MotoCorp has already commenced the retail sales of its first BS-VI motorcycle, the Splendor iSmart in November 2019. The transition to the higher emission norms for the company is being driven at its R&D centre in Jaipur, which was commissioned in March 2016. Since then, Hero has further enhanced its in-house R&D capabilities by .