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    500182   INE158A01026

HERO MOTOCORP LIMITED

(500182)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-09-29
2550.10 INR   +0.63%
10/02INDIA STOCKS-Indian shares seen opening lower as growth worries linger
RE
10/02Hero MotoCorp's Sales Decline in September as Exports Skid
MT
09/30Indian Indices Snap Losing Run; Hindalco Industries Jumps 5%
MT
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Indian shares rise, NSE index at over four-month high

08/16/2022 | 01:20am EDT

BENGALURU, Aug 16 (Reuters) - Indian shares traded higher on Tuesday, with the NSE Nifty 50 index trading above 17,800 for the first time since April 8, helped by softening consumer inflation that eased for a third straight month in July.

The NSE Nifty 50 index was up 0.7% at 17,827.25, as of 0500 GMT, while the S&P BSE Sensex was 0.7% higher at 59,888.24. Indian markets were closed on Monday for a holiday.

"Inflation data has helped the mood and foreign investors are back in the market," said Saurabh Jain, assistant vice-president, research, at SMC Global Securities, adding that cooling local commodity prices boosted outlook for second-half of the fiscal year 2022/23.

India's consumer inflation dipped to 6.71% in July, aided by a slower increase in food and fuel prices and adding to expectations that the central bank may rein in the pace of its policy rate hikes from next month.

Auto stocks were up, and the Nifty Auto index hit a record high with its 1.8% gain.

Shares of Hero MotoCorp rose as much as 3% after strong June-quarter results.

Life Insurance Corporation of India rose 2.5% after the country's biggest insurer posted a 20% jump in June-quarter premium income on Friday.

Meanwhile, Asian stocks struggled for direction, weighed down by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.

India's currency and debt markets remained closed on Tuesday for a holiday. (Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu and Neha Arora)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HERO MOTOCORP LIMITED 0.63% 2550.1 End-of-day quote.3.61%
LIFE INSURANCE CORPORATION OF INDIA -0.17% 620.6 Delayed Quote.0.00%
LONDON BRENT OIL 0.78% 88.57 Delayed Quote.13.53%
NIFTY 50 -1.21% 16887.35 Delayed Quote.-1.50%
SENSEX BSE30 -1.11% 56788.81 Real-time Quote.-1.42%
WTI 1.00% 82.837 Delayed Quote.5.74%
All news about HERO MOTOCORP LIMITED
10/02INDIA STOCKS-Indian shares seen opening lower as growth worries linger
RE
10/02Hero MotoCorp's Sales Decline in September as Exports Skid
MT
09/30Indian Indices Snap Losing Run; Hindalco Industries Jumps 5%
MT
09/30Hero MotoCorp to Invest $60 Million for Minority Stake in American Electric Motorcycle ..
MT
09/29INDIA STOCKS-Indian shares seen opening lower ahead of RBI policy outcome
RE
09/29India's Hero MotoCorp to invest $60 million in Zero Motorcycles
RE
09/29Indian Indices Close Lower on Thursday; Asian Paints Slide 5%
MT
09/29Zero Motorcycles Inc. announced that it has received $107 million in funding from Polar..
CI
09/27Hero MotoCorp Appoints Manav Sethi as Head of Martech & Growth
CI
09/27Indian Indices Close in Red for Fifth Straight Day; Hero MotoCorp Falls 3%
MT
More news
Analyst Recommendations on HERO MOTOCORP LIMITED
More recommendations
Financials
Sales 2023 347 B 4 260 M 4 260 M
Net income 2023 31 320 M 385 M 385 M
Net cash 2023 93 864 M 1 153 M 1 153 M
P/E ratio 2023 16,3x
Yield 2023 4,16%
Capitalization 510 B 6 262 M 6 262 M
EV / Sales 2023 1,20x
EV / Sales 2024 1,04x
Nbr of Employees 9 173
Free-Float 63,7%
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Technical analysis trends HERO MOTOCORP LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 2 550,10
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Pawan Kant Munjal Chairman & Chief Executive Officer
Niranjan Gupta Chief Financial Officer
Arun Jaura Chief Technology Officer
Reema Jain Chief Information & Digital Officer
Michael J. P. Clarke Chief Operating & Human Resources Officer
Sector and Competitors
1st jan.Capi. (M$)
HERO MOTOCORP LIMITED3.61%6 262
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