Shares of a prominent motorcycle manufacturer are attracting attention as the stock trades 33 percent lower than its peak this year. The company recently revealed a partnership with the American brand Harley Davidson to create a new motorcycle intended for the Indian and global markets.
Stock Performance Overview
In Monday’s trading session, Hero MotoCorp Ltd saw its shares climb to an intraday high of Rs.4,274.00 each, representing a 3.4 percent rise from the opening price of Rs.4,237.95 per share.
However, the shares eventually fell back and are now trading at Rs.4,179.40. The stock has experienced a drop of approximately 33.2 percent from its all-time peak of Rs.6,246.25 per share.
Recent Developments
Hero MotoCorp is a global leader in motorcycle and scooter manufacturing, providing a diverse portfolio that includes popular models like the Splendor, Passion, Glamour, and XPulse series, alongside electric vehicles marketed under the VIDA brand.
The company operates five manufacturing facilities throughout India, boasting a production capacity that exceeds 9 million units per year. Additionally, Hero MotoCorp has established a comprehensive network of over 5,000 customer touchpoints, ensuring a strong market presence and effective customer service.
Recently, Hero MotoCorp has made strides in the electric mobility sector, emphasizing its goal to diversify and promote sustainability. This move aligns with the increasing focus in the automotive industry on eco-friendly transportation solutions. Hero MotoCorp’s entry into electric vehicles via the VIDA brand demonstrates its commitment to remaining competitive in a transforming marketplace.
Also read….
New Partnerships
Hero MotoCorp has announced a collaboration with American motorcycle brand Harley-Davidson, aiming to develop a new motorcycle targeting both Indian and global markets. Furthermore, the company has plans to expand the existing Harley-Davidson X440 platform into multiple new variants.
Hero MotoCorp has also filed for a design trademark for the Xpulse 421 in India, hinting at what could be the brand’s most formidable adventure bike yet. This filing indicates that the upcoming model will build on the Xpulse series, promising enhanced performance and features for adventure bike aficionados.
Financial Overview
In its latest financial report, Hero MotoCorp Ltd announced a revenue of Rs.10,483 crore for Q2FY25, reflecting a 10 percent growth compared to Rs.9,533 crore during the same quarter last year. Net profit for the period rose by 6 percent to Rs.1,066 crore, up from Rs.1,007 crore in the corresponding previous period.
Company Background
Based in New Delhi, India, Hero MotoCorp is a leading global manufacturer of motorcycles and scooters. Established in 1984 as a joint venture between Hero Cycles of India and Honda of Japan, the company has been recognized as the world’s largest two-wheeler manufacturer by unit volume since 2001.
Written by – Siddesh S Raskar
Disclaimer
The opinions and investment advice provided by investment professionals/broking firms/rating agencies on tradebrains.in are their own and do not reflect the stance of the website or its management. Investing in stocks involves risks of financial loss. Thus, investors should proceed with caution when trading or investing in equities. Dailyraven Technologies or the author will not be held responsible for any losses incurred as a result of decisions made based on this article. Please consult your financial advisor prior to making any investment decisions.
Start Your Stock Market Journey Today!
Interested in learning about Stock Market trading and Investing? Be sure to explore exclusive Stock Market courses offered by FinGrad, the educational initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and advance your trading career. Join now!
