Hero MotoCorp Ltd (HROM.NS)
21 May 2013
|Market Cap (Mil.):||Rs339,808.19|
|Shares Outstanding (Mil.):||199.69|
May 1 - Hero MotoCorp Ltd's two-wheeler sales in April: April 2013 April 2012 Pct change TOTAL SALES 499,113 551,557 -9.5 Note: Hero MotoCorp is the world's largest manufacturer of two-wheelers. (Reporting by Matthias Williams; Editing by Devidutta Tripathy)
MUMBAI - Shares in Hero MotCorp Ltd, India's largest motorcycle manufacturer, gain as much as 5.4 percent in early morning trade after the company's January-March profit beat street estimates for the first quarter in six.
MUMBAI - Hero MotoCorp said quarterly profit fell 4.9 percent, its third straight quarter of profit decline, as sales growth slowed amid rising competition that has dented its market share.
MUMBAI, April 26 - India's Hero MotoCorp said quarterly profit fell 4.9 percent, its third straight quarter of profit decline, as sales growth slowed amid rising competition that has dented its market share.
* Barclays remains cautious on India's two-wheeler makers, saying domestic demand has decelerated "significantly", while noting Honda Motor Co's "aggressive" capacity expansion plans could limit growth of its rivals. * "Given the increased competition, we forecast further market share loss for the incumbent players and believe the risk of increased price discounts or subvention schemes is high," Barclays said in a research note on Thursday. * Barclays downgrades Bajaj Auto Ltd to "equal weight"
Apr 1 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of 28,29 & 30 March 2013.(Part II) COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- Hansa Metallics Ltd TL C
Polaris Fin sounds out L&T, Wipro for services unit sale - Economic Times
Reuters Market Eye - Kotak Institutional Equities upgrades Hero MotoCorp Ltd to "add" from "sell", and maintains its "reduce" rating on Bajaj Auto.
* Kotak Institutional Equities upgrades Hero MotoCorp Ltd to "add" from "sell", and maintains its "reduce" rating on Bajaj Auto Ltd. * Kotak says it changes its preferred pick to Hero in the two-wheeler segment given Hero's valuation discount to Bajaj Auto. * The Indian brokerage also expects Hero to post higher earnings growth than Bajaj. (email@example.com /; firstname.lastname@example.org)
Reuters Market Eye - Morgan Stanley says Hero MotoCorp's shares will fall relative to the Sensex over the next 60 days on the back of "disappointing" Q3 earnings.