Tag: Hero MotoCorp

Post Session: D-St gives thumbs up to Fed outcome; Sensex ends 265 pts higher

22/09/2016 16:19

The Indian equities ended on robust note on Thursday, led by gains in index heavyweights such as ICICI Bank, Tata Steel, SBI, Hero MotoCorp, Maruti Suzuki, HDFC, Tata Motors, GAIL, ONGC and RIL, tracking firm cues from Asian peers after US Federal Reserve kept key short-term interest rate steady. Sustained inflows from foreign investors and across-the-board buying by the investors also helped market sentiments.

The 30-share BSE SENSEX closed at 28773.13, up by 265.71 points or by 0.93 per cent, and the NSE Nifty ended at 8867.45, up by 90.3 points or by 1.03 per cent.

In the bullish trade, the BSE Sensex touched intraday high of 28871.92 and intraday low of 28693.07 , while the NSE Nifty touched intraday high of 8893.35 and intraday low of 8837.8.

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 257.35,+2.39%), Hero MotoCorp Ltd. (Rs. 3538.60,+2.27%), ICICI Bank Ltd. (Rs. 275.55,+2.19%), Adani Ports & Special Economic Zone Ltd. (Rs. 275.20,+2.06%), Asian Paints Ltd. (Rs. 1192.35,+1.97%), among others.

On the flip side Tata Consultancy Services Ltd. (Rs. 2377.65,-1.49%), Lupin Ltd. (Rs. 1528.30,-1.17%), Axis Bank Ltd. (Rs. 591.95,-1.01%), Coal India Ltd. (Rs. 327.70,-0.77%), Dr. Reddy’s Laboratories Ltd. (Rs. 3138.20,-0.45%), were among top losers on the BSE.

On the sectoral front, oil&gas and bankex stocks emerged as top gainers, adding as much as 1.51 per cent and 1.49 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3146, shares advanced were 1794 while 1106 shares declined and 246 were unchanged.

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Markets remain firm; Tata Motors, Hero MotoCorp shares advance

31/08/2016 10:32

The key domestic benchmark indices were trading higher in the morning trading session tracking mixed cues from markets across Asia.

All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28424.62 up by 81.61 points or by 0.29 per cent, while the NSE Nifty was at 8779.90 points, trading higher by 35.55 points or by 0.40 per cent.

The BSE Sensex touched an intraday high of 28490.21 and an intraday low of 28363.1 The NSE Nifty touched an intraday high of 8801.5 and an intraday low of 8754.05

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 540.60,+2.33 per cent), Hero MotoCorp Ltd. (Rs. 3534.05,+1.75 per cent), Asian Paints Ltd. (Rs. 1160.00,+1.15 per cent), Cipla Ltd. (Rs. 581.55,+0.86 per cent), Bajaj Auto Ltd. (Rs. 3005.25,+0.77 per cent), among others.

Meanwhile, NTPC Ltd. (Rs. 160.10,-1.05 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 239.85,-0.77 per cent), Tata Consultancy Services Ltd. (Rs. 2530.25,-0.72 per cent), Infosys Ltd. (Rs. 1035.75,-0.50 per cent), Bharti Airtel Ltd. (Rs. 330.80,-0.39 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2108 shares traded, 1187 shares advanced, 778 shares declined while 143 were unchanged.

On the global front, Asian stocks were trading mixed today as traders weighed speculation of a rise in US interest rates this year as robust consumer confidence data bolstered the case for monetary tightening in the world’s biggest economy. US stocks ended lower in the previous trading session amid a sell-off in Apple and amidst caution ahead of Friday’s jobs report.

Hero MotoCorp Q3 net jumps 36.5 pct at Rs 795.81 cr; beats estimates

Hero MotoCorp Q3 net jumps 36.5 pct at Rs 795.81 cr; beats estimates

11/02/2016 17:53

Hero MotoCorp, the country’s largest two wheeler motorcycle manufacturer, on Thursday reported higher-than-expected growth of 36.5 per cent in its standalone net profit at Rs 795.81 crore for the third quarter ended December 31, 2015, helped by strong volume growth.

“The auto major had posted standalone net profit of Rs 582.98 crore for the quarter ended December 31, 2014,” Hero MotoCorp said in a filing to Bombay Stock Exchange.

The net sales of company increased 5.61 per cent to Rs 7,174.16 crore in Q3FY16 from Rs 6,792.51 crore in Q3FY15.

According to CNBC-TV18 poll, the company was seen posting net profit at Rs 790 crore, while net sale was seen at Rs 7,241 crore.

During the quarter under review, the two-wheeler sales stood at 16,90,354 units as compared to 16,48,548 unit in the year ago period. The company reported strong quarterly turnover (net sales and other operating income) of Rs 7,295 crore, registering a growth of 7 per cent on year-on-year basis.

The other operating income of company tood at Rs 120.62 crore as against Rs 46.74 crore reported in the corresponding year-ago period.

Ahead of announcement, shares of company ended Thursday’s trading at Rs 2498.45 apiece, down 1.92 per cent, on BSE.