Earnings Alerts

Hero MotoCorp (HMCL) Earnings Soar with 15% Increase in June Vehicle Sales

  • Hero MotoCorp sold 503,448 vehicles in June 2024.
  • This is a 15% increase in sales compared to June 2023.
  • Motorcycle sales specifically reached 473,228 units, marking a 17% increase year-over-year.
  • Exports, however, decreased by 15%, totaling 12,032 units.
  • Current market analyst recommendations include 28 buys, 7 holds, and 8 sells for Hero MotoCorp.
  • All figures are compared to the company’s previously reported data.

A look at Hero Motocorp Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience5
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Hero MotoCorp Ltd., a leading motorcycle manufacturer, appears to have a positive long-term outlook based on the Smartkarma Smart Scores analysis. With high scores in Dividend, Resilience, and Momentum, the company seems to be well-positioned for growth and stability. A perfect score of 5 in Dividend indicates that Hero Motocorp is a strong dividend-paying company, attracting investors seeking income generation. Additionally, its resilience and momentum scores signify a company with a robust business model and strong market performance, hinting at potential future success.

Despite scoring lower in Value and Growth categories, Hero MotoCorp’s overall outlook seems promising. The company’s core business of designing, manufacturing, and distributing motorcycles, as well as offering parts and accessories, underpins its market presence and potential for sustained growth. Investors may find Hero MotoCorp an attractive investment option given its strong dividend track record, resilience in challenging environments, and positive market momentum.

Summary: Hero MotoCorp Ltd. is a motorcycle company that designs, manufactures, and distributes motorcycles, along with offering motorcycle parts and accessories.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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