Hero MotoCorp, TVS Motor stocks surge up to 4% on robust sales in May
Hero MotoCorp's domestic sales in May grew by 8.9% year-on-year to 5,08,309 units as against 4,66,466 units in May 2022.
Hero MotoCorp's domestic sales in May grew by 8.9% year-on-year to 5,08,309 units as against 4,66,466 units in May 2022.
Hero MotoCorp was the top laggard on the BSE auto index, falling as much as 3.3% to ₹2,470.60 on weak monthly sales in April.
All categories were in green in January 2023, with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 10%, 59%, 22%, 8% and 16%, respectively, FADA data shows.
TVS Motor shares extended gains for the third straight session and rose 3.4% to ₹1,019.80 as investors cheered its better-than-expected Q3 results.
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement
The auto and bike taxi aggregator will use capital to build the team, strengthen tech capabilities, and enhance the consumer experience.
Jio-bp and TVS Motor will pool their strengths to create a regular AC charging network and a DC fast-charging network for electric vehicles.
The BSE Sensex and the NSE Nifty are likely to open higher on Tuesday, following firm cues from Asian peers and positive trends on the SGX Nifty.
The BSE Sensex and the NSE Nifty are expected to open flat to lower on Friday, following muted trends on SGX Nifty.
Hero MotoCorp needs to monetise its internal EV developments, or it will be dethroned once the market is fully electrified. TVS is poised to benefit from its strong R&D initiatives and brand building