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    500182   INE158A01026

HERO MOTOCORP LIMITED

(500182)
  Report
End-of-day quote Bombay Stock Exchange  -  05-23
2639.60 INR   +0.35%
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State-owned banks, auto stocks lift Indian shares as earnings come into focus

01/10/2022 | 05:48am EDT

BENGALURU, Jan 10 (Reuters) - Indian shares ended higher on Monday, with the Nifty index hitting the 18,000 mark after nearly two months, boosted by gains in public sector banks and auto stocks ahead of quarterly earnings reports this week.

The blue-chip NSE Nifty 50 index ended up 1.07% at 18,003.30, levels it last scaled in mid-November, while the benchmark S&P BSE Sensex closed 1.09% higher at 60,395.63. Both indexes logged their eighth session of gains in eleven.

All major Nifty sub-indexes settled higher, with the PSU Banks index advancing the most with a 3.2% gain.

Nifty's Auto index added nearly 2%, led by 3.2% jump in two-wheeler maker Hero MotoCorp.

The Nifty IT index index closed up 0.2%, as investors turned their focus to top companies in the sector kicking off third-quarter corporate earnings on Jan 12.

Tata Consultancy Services rose more than 3% after the software heavyweight said it plans to consider a share buyback.

"The market expects Q3 results starting this week to be very good, particularly for IT and financials," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The Nifty realty index closed 1.9% higher, led by a 11.5% surge in Sunteck Realty after it logged sequential growth in quarterly pre-sales numbers.

Among losers, Paytm shares settled 6% lower after brokerage Macquarie cut its target price on the digital payments firm to 900 rupees per share from 1,200 rupees per share.

Meanwhile, India on Monday recorded 179,723 fresh COVID-19 infections and the country started administering booster vaccine doses to frontline workers and vulnerable elderly people to combat the fast-spreading Omicron variant.

Surging COVID-19 cases are being ignored by markets globally as Omicron, though fast-spreading, is not virulent and hospitalization cases are very low, Vijayakumar said. (Reporting by Shivani Singh in Bengaluru; editing by Uttaresh.V, Subhranshu Sahu and Ramakrishnan M.)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HERO MOTOCORP LIMITED 0.35% 2639.6 End-of-day quote.7.24%
MACQUARIE GROUP LIMITED 0.34% 179.41 Delayed Quote.-12.42%
NIFTY 50 0.36% 16192.35 Delayed Quote.-6.57%
NIFTY IT 1.01% 28172.65 Delayed Quote.-24.86%
ONE97 COMMUNICATIONS LIMITED -2.44% 633.3 Delayed Quote.-53.59%
SENSEX 30 -0.43% 54052.61 Real-time Quote.-7.21%
SUNTECK REALTY LIMITED -1.52% 434.05 End-of-day quote.-11.59%
TATA CONSULTANCY SERVICES LTD. -1.67% 3235.75 Delayed Quote.-11.14%
All news about HERO MOTOCORP LIMITED
05/19Hero MotoCorp Launches New Edition of Iconic Motorcycle Splendor the Splendor+ Xtec
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05/12Ather Energy Private Limited announced that it has received INR 9.92 billion in funding..
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05/06Indian Indices Plunge in the Red at the Close; Bajaj Finance Slumps 5%
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05/05Indian Indices Close Flat to Higher; Tech Mahindra Jumps 4%
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05/05Nomura Adjusts Hero MotoCorp's Price Target to 2,720 Indian Rupees From 2,854 rupees, K..
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05/04Hero MotoCorp Limited Announces Cessation of Meleveetil Damodaran as Director
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05/04TRANSCRIPT : Hero MotoCorp Limited, Q4 2022 Earnings Call, May 04, 2022
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05/04Hero MotoCorp's Consolidated Net Profit Slides in Fiscal Q4
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05/03Hero MotoCorp Limited Reports Earnings Results for the Full Year Ended March 31, 2022
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05/03Hero MotoCorp Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2..
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Analyst Recommendations on HERO MOTOCORP LIMITED
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Financials
Sales 2022 298 B 3 837 M 3 837 M
Net income 2022 25 559 M 330 M 330 M
Net cash 2022 89 234 M 1 151 M 1 151 M
P/E ratio 2022 20,6x
Yield 2022 3,44%
Capitalization 527 B 6 801 M 6 801 M
EV / Sales 2022 1,47x
EV / Sales 2023 1,28x
Nbr of Employees 8 793
Free-Float 63,2%
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Technical analysis trends HERO MOTOCORP LIMITED
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Mean consensus -
Number of Analysts 0
Last Close Price 2 639,60
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Spread / Average Target -
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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 LIMITED7.24%6 782
BAJAJ AUTO LIMITED16.44%14 137
EICHER MOTORS LIMITED5.02%9 675
YAMAHA MOTOR CO., LTD.-8.19%6 858
YADEA GROUP HOLDINGS LTD.-8.03%5 103
HARLEY-DAVIDSON, INC.-14.19%4 905