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    500182   INE158A01026

HERO MOTOCORP LIMITED

(500182)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-11-29
2851.70 INR   +0.75%
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INDIA STOCKS-Indian shares end flat as auto, metals offset IT gains

09/27/2022 | 06:36am EST

BENGALURU, Sept 27 (Reuters) - Indian shares stayed rooted to two-month lows on Tuesday, with gains in IT and consumer companies offset by losses in auto and metal stocks, as worries over economic growth festered ahead of the central bank's policy decision later this week.

The NSE Nifty 50 index closed flat at 17,007, while the S&P BSE Sensex also ended mostly unchanged at 57,107.52.

"The global markets are not completely out of the woods. Indian markets will not be able to sustain major gains given the macro data in the U.S., monthly derivatives expiry and the Reserve Bank of India's monetary policy decision later this week," said Prashanth Tapse, research analyst, Mehta Equities.

"We are in a very volatile zone given the movement in the dollar index. Unless the index cools off, Indian markets may not be in a positive trend."

The Nifty IT index rose nearly 1% on expectations that services companies will benefit from the strong dollar.

The FMCG index gained 0.6% on hopes of higher volume growth and margin recovery as prices of many key raw materials like palm oil have cooled off, analysts said. The index gained nearly 4% last week.

"We are in the festive season and volume growth will be higher compared to last six months. Being a defensive sector, the FMCG looks good," Tapse said.

Cipla and Tata Consumer were top gainers in the Nifty 50 index, rising 3.1% and 2.2%, respectively, while Hero MotoCorp fell the most, losing 3.1%.

Foreign institutional investors sold net 51.01 billion Indian rupees ($625.1 million) domestic equities on Monday as per provisional data available with the National Stock Exchange.

($1 = 81.6100 Indian rupees) (Reporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -0.32% 86.97 Delayed Quote.9.01%
CIPLA LIMITED -0.94% 1114.35 Delayed Quote.19.15%
CRUDE PALM OIL 0.07% 741 End-of-day quote.-26.42%
HERO MOTOCORP LIMITED 0.75% 2851.7 End-of-day quote.15.86%
NIFTY 50 -0.62% 18696.1 Delayed Quote.8.09%
NIFTY IT 0.15% 31052.1 Delayed Quote.-21.47%
SENSEX BSE30 -0.66% 62868.5 Real-time Quote.8.64%
TATA CONSUMER PRODUCTS LIMITED 1.61% 818.05 End-of-day quote.10.03%
WTI -0.09% 81.279 Delayed Quote.4.48%
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Analyst Recommendations on HERO MOTOCORP LIMITED
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Financials
Sales 2023 346 B 4 245 M 4 245 M
Net income 2023 29 762 M 365 M 365 M
Net cash 2023 90 510 M 1 111 M 1 111 M
P/E ratio 2023 19,5x
Yield 2023 3,67%
Capitalization 570 B 6 996 M 6 996 M
EV / Sales 2023 1,39x
EV / Sales 2024 1,20x
Nbr of Employees 9 173
Free-Float 63,8%
Chart HERO MOTOCORP LIMITED
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Technical analysis trends HERO MOTOCORP LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 2 851,70
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Pawan Kant Munjal Chairman & Chief Executive Officer
Niranjan Gupta Chief Financial Officer
Arun Jaura Chief Technology Officer
Reema Jain Chief Information & Digital Officer
Michael J. P. Clarke Chief Operating & Human Resources Officer
Sector and Competitors
1st jan.Capi. (M$)
HERO MOTOCORP LIMITED15.86%6 996
BAJAJ AUTO LIMITED15.43%13 030
EICHER MOTORS LIMITED34.68%11 712
YAMAHA MOTOR CO., LTD.23.78%8 288
HARLEY-DAVIDSON, INC.25.52%6 890
TVS MOTOR COMPANY LIMITED66.85%6 103