Hero MotoCorp - Improving Rural Sentiments to Support Volume Recovery; Growth Drivers in Place
The company sees the overall demand sentiment improving and is experiencing some early signs of demand recovery in both Rural as well as Urban areas.
205 Views
Hero MotoCorp - Attractive Valuation, 2W Upcycle & EV Transition to Drive Rerating
Hero MotoCorp (Hero) reported revenue of Rs74.2bn, which was in line with our estimate. Volume declined by 24% YoY while realization at Rs62.4k...
1.5k Views
Hero Motocorp: EBITDA Miss; Growth Outlook Remains Positive
We maintain a BUY rating on the stock given its reasonable valuations and revise our TP to Rs 3,000/share (Rs 3,150 earlier) to factor in...
163 Views
Automobile Sales Estimates – 2Ws Rising from Dust; Demand Outlook for PVs and CVs Positive
Based on our channel checks, we saw some improvement in 2W demand in April’22 while demand in CV and PV segments continued to remain robust.
188 Views
Autos: Time to relook
We expect auto demand (across segments) to revive on a low base relative to the peak of FY19, led by a pick-up in economic growth and expected...
164 Views