MARKETS
Hero MotoCorp share price, Hero MotoCorp Q1 results: Hero MotoCorpshares are in focus in Wednesday's trade (August 14) as the company posted its results after market hours on Tuesday. Ahead of its Q1 earnings, the company's scrip closed at Rs 5,240.45, down over 1.36 per cent. The net profit declared by the company for the reporting quarter translates into an increase of 36.1 per cent year-on-year (YoY). However, it fell short of analysts estimates. Revenue at the 2-wheeler major during the first quarter stood at Rs 10,143.7 crore, marking an increase of 15.7 per cent over the corresponding period a year ago. Business research estimated the company to register a standalone net profit of Rs 1,200 crore and revenue of Rs 10,580 crore for the June quarter. Jefferies continued with its 'buy' stance on the brokerage for a target of Rs 5,650, implying gains of 8 per cent from the previous close. As per the brokerage, the company posted good growth but missed estimates. This was as the company reported lower- than-expected average selling price (ASP) and margin. Further, the company has a slew of product launches in the pipeline in both EV and internal combustion engine (ICE) categories. Meanwhile, Macquarie maintains its outperform call on the stock for a target of Rs 6,177, signalling possibility of potential gains of 18 per cent. Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
What’s New
Spotlight
Advertisement
Featured News
Latest From This Week
Popular News
