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Brokerages reiterate 'Buy' on Hero MotoCorp post Q2 results; stock rises 5%

Business Standard LogoBusiness Standard9h ago

Brokerages reiterate 'Buy' on Hero MotoCorp post Q2 results; stock rises 5% - Business Standard

Quick Summary:

They note early signs of recovery in rural demand (which contributes about 54 per cent to sales) and stable internal combustion engine (ICE) margins above 16 per cent.

Nomura analysts anticipate a 10 per cent growth in the two-wheeler (2W) industry over FY25-26, driven by balanced growth and favourable monsoon conditions.

Nuvama highlighted that Hero MotoCorp’s Q2FY25 revenue and Ebitda grew by 11 per cent and 14 per cent YoY, respectively, slightly exceeding estimates.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 10:01:58 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 798 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23648280

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 228 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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