HEROMOTOCO.NSEHero MotoCorp Ltd
Indian shares drop as broader profit booking dampens earnings optimism
India’s equity benchmarks slipped on Tuesday as profit booking led by IT stocks outweighed earnings-driven gains in Bharti Airtel and Titan Company. The Nifty 50 eased 0.64% to 25,597.65, while the BSE Sensex fell 0.62% to 83,459.15. Fifteen of the 16 major sectors logged losses. The broader small-caps and mid-caps fell 0.8% and 0.4%, respectively. Analysts expect the benchmarks to consolidate near current levels after a sharp 4.5% rise in October, that was driven by stable quarterly earnings and strong festival season sales. “Broad macro indicators reinforce our optimism around a cyclical recovery starting second half of fiscal year 2026, led by discretionary consumption,” Emkay Global Financial Services said. Investors also awaited clarity on India-U.S. trade talks. Trade Minister Piyush Goyal said last month that India would not accept limits on its trade options or rush into agreements, even as a senior official described a deal with Washington as “very near.” Markets are closed on Wednesday for a local holiday.
cityfalcon.com·3h ago
India’s TVS Motor profit jumps on exports, tax-cut fueled demand
Indian automaker TVS Motor Company posted a 37% jump in second quarter profit on Tuesday, as festive season demand after a steep tax cut and an export spike boosted revenue. The Jupiter scooter maker reported a smaller-than-expected quarterly profit of 9.06 billion rupees ($103.08 million) in the July-to-September quarter, missing analysts’ estimate of 9.24 billion rupees, according to data compiled by LSEG. Its shares fell 2.14% after the results to close at 3,562 rupees. TVS Motor’s two-wheeler sales rose 23% from a year earlier, the steepest ever rise, to about 1.5 million units for the second quarter, fueled by two wheeler exports, which rose by 31%. Total exports contributed to about 26% of its sales for the quarter. Revenue from operations rose 29% to 119.05 billion rupees, beating analysts’ estimate of 115.45 billion rupees. Its operating EBITDA margin expanded to 12.7% in the quarter, up from 11.7% a year earlier, driven by strong growth in scooter and motorbike sales. Last month, India slashed taxes on motorcycles with engine capacities of up to 350cc to 18% from 28%, driving strong demand in rural and entry-level urban markets.
cityfalcon.com·7d ago
Markets pricey with modest EPS growth; autos, hospitality offer opportunities: Venkatesh Balasubramaniam of JM Financial
Venkatesh Balasubramaniam of JM Financial shared a comprehensive view of the Indian equity markets, highlighting the challenges and opportunities amid the current environment. He emphasized that the markets are trading at elevated valuations, with the headline indices priced at nearly 23–24 times one-year forward earnings—roughly one standard deviation above the mean. While such valuations could be justified by high earnings growth, actual EPS performance has been disappointing. FY25 began with expectations of 15% EPS growth but ended at 3.4%, and current-year projections have been revised down to roughly 7%, implying modest returns at best. Given this context, Venkatesh believes meaningful gains are unlikely from the broader indices, though individual stocks may still offer opportunities."So, earnings have got revised up. Similarly, third quarter again while on a quarter-on-quarter basis the EPS growth will be maybe a little less of a decline and fourth quarter you will see an improvement, but these are already factored in the numbers.
cityfalcon.com·10d ago
Hero MotoCorp steps into UK market with Hunk 440 in partnership with MotoGB
Hero MotoCorp, India’s largest two-wheeler manufacturer, has officially entered the UK market through a partnership with Lancashire-based distributor MotoGB Ltd. The company is beginning its European retail operations with the Hunk 440 motorcycle, a mid-weight premium bike priced at GBP 3,499 (around ₹2.96 lakh). This marks Hero’s 51st global market and signals its aggressive strategy to expand beyond Asia into developed markets.
cityfalcon.com·11d ago