Stocks to watch today: Adani Enterprises is set to enter the NSE Nifty50 index from September 30, replacing Shree Cement at the exchange; UPL promoted Mike Frank to Chief Executive Officer.
Hero MotoCorp on Thursday reported a 1.92 per cent increase in total sales at 4,62,608 units in August 2022. The company had sold 4,53,879 units in the year-ago period, Hero MotoCorp said in a regulatory filing. Domestic sales were at 4,50,740 units as compared to 4,31,137 units in August 2021, a growth of 4.55 per cent, it added. Exports, however, declined to 11,868 units from 22,742 units in the corresponding period of last year. Motorcycles sales were up at 4,30,799 units last month from 4,20,609 units in the preceding year, while scooter sales declined to 31,809 units against 33,270 units in August last year. Hero MotoCorp said it expects the growth momentum to build up in the coming months on the back of a normal festive season after a gap of two years, better monsoon resulting in decent agricultural harvest and positive consumer sentiments besides a healthy growth in the country's GDP.
Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively
State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.
Net profit of the Splendor and Glamor brands' maker increased to Rs 625 crore from Rs 365.44 crore in the same quarter a year ago
Consolidated revenue from operations in the first quarter stood at Rs 8,447.54 crore as compared to Rs 5,502.80 crore in the corresponding period a year ago, it added.
Mandated battery standards are becoming imperative if India is to accelerate the transition from traditional vehicles
Stocks to Watch today: Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore
Accenture will use its zero-based supply chain approach to facilitate Hero MotoCorp's cost optimisation efforts
The festival season kicks off with Onam end-August right through Diwali in October
The company expects the positive trend to continue in the coming months, on the back of a decent monsoon, and encouraging farm activity.
Electric two-wheeler maker Hero Electric had sought an injunction against Hero MotoCorp using the 'Hero' trademark for its electric vehicles
Hero MotoCorp, Maruti Suzuki, M&M, Bosch and TVS Motor gain up to 13% in a week
Hero MotoCorp, Bajaj Auto and Eicher Motors need to cross their significant hurdles with aggressive volume for further gains to emerge.
Stock market live updates: The Sensex and Nifty benchmarks are heading for a higher start on Friday, tracking strength in the US overnight and Asian markets this morning. As of 07:00 AM, the SGX Nif
The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices
Two-wheeler maker Hero MotoCorp said it will hike prices of motorcycles and scooters by up to Rs 3,000 from July 1 to partially offset steadily growing overall cost inflation
Hero MotoCorp-backed electric two-wheeler maker Ather Energy is in talks with several state governments to set up a new manufacturing facility in the country, according to sources
Stocks to watch today: SBI and IDBI Bank have raised their interest rates on retail term deposits, subject to different tenors; LIC hiked stake in Hero MotoCorp to 11.2 per cent from 9.1 per cent.
The acquisition of the incremental stake in Capri Global Capital Ltd happened at an average cost of Rs 624.61 and that for Hero MotoCorp Ltd happened at Rs 3,050.14