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Hero MotoCorp: Cruising smoothly, buy for the long term

Demand for Hero MotoCorp is expected to be on an upward trajectory on the back of changing customer preference towards personal mobility, positive rural sentiment and new product launches, especially in the premium segment

October 30, 2020 / 11:52 AM IST
Hero MotoCorp: Cruising smoothly, buy for the long term

Hero Xtreme 160R | Rs 1 lakh | The Hero Xtreme 160R is the latest entry into Hero’s stable and has proven to be a surprising motorcycle.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Hero MotoCorp Ltd (HMCL) (CMP: Rs 2,893; Mcap: Rs 57,770 crore) posted a strong set of numbers for the three months ended September, thanks to the sharp recovery post unlocking of the country. On a year-on-year (YoY) basis, revenues and operating profit grew in double digits Demand for the company is expected to be on an upward trajectory on the back of changing customer preference towards personal mobility, positive rural sentiment and new product launches, especially in the premium segment....

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