Hero MotoCorp Ltd. News and Updates

Name: Latest research reports of Hero MotoCorp Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Hero MotoCorp Ltd.
Rating: 3
Author: Motilal Oswal

Keep track of all breaking news on Hero MotoCorp Ltd. from all sources in a single place.

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Hero MotoCorp Ltd.

01 Apr 2020

5429.50

0.40%

Hero MotoCorp offers up to Rs 15,000 discount to clear BS-IV two-wheelers

Business Today

Hero MotoCorp has also relaxed its stance on the 'Force Majeure' clause of deferring payments. Now, the motorcycle manufacturer will reimburse 50 per cent of the dues of large vendors from its earlier plan to pay only 25 per cent

Axis Direct increased Buy price target of Hero MotoCorp Ltd. to 5960.0 on 05 Sep, 2025.

Hero MotoCorp Ltd.

31 Mar 2020

5429.50

0.40%

COVID-19 impact | Bumpy ride for autos; Hero Moto, MM and Bajaj Auto top picks

Moneycontrol

SIAM's estimates had shown the present suspension of production activities at OEMs and ancillaries would cost the industry nearly Rs 2,300 crore per day in lost revenues, as per ICICI Direct report.

Hero MotoCorp Ltd. has gained 25.15% in the last 3 Months

Hero MotoCorp Ltd.

31 Mar 2020

5429.50

0.40%

Hero Group contributes 50 crore towards PMNRF

Business Line

To spend another 50 crore on relief efforts

Hero MotoCorp Ltd. is trading above all available SMAs

Hero Group pledges Rs 100 crore for COVID-19 relief efforts

Business Line | 30 Mar 2020

Hero MotoCorp Ltd.

31 Mar 2020

5429.50

0.40%

Focus on supporting dealers/vendors

Neutral: Hero MotoCorp Ltd.

Target

Motilal Oswal

31 March 2020 HMCL had ~150k BS4 inventory as of the lockdown date. According to the SC order, vehicles sold till 31 March earlier). Of the unsold BS4 inventory March, only 10% can be sold beyond the deadline. Dealers are now selling online based on the earlier inquiries or purchasing on their firms name to resell in the second- hand market later. The company is providing incentive of INR10k per motorcycle and INR15k per scooter to support dealers for online sales (ex- Delhi NCR). It will take back Delhi NCR stock of ~12k units as it has decided not to sell online as well. HMCL setup a BCP task force earlier in Jan20 (when COVID-19 was identified as threat in China). First priority is to safeguard health of all employees and business partners. Currently, it is not thinking of growth and profits, but health of its ecosystem is important including liquidity within its ecosystem.

Axis Direct increased Buy price target of Hero MotoCorp Ltd. to 5960.0 on 05 Sep, 2025.

Hero MotoCorp Ltd.

31 Mar 2020

5429.50

0.40%

Hero MotoCorp (BUY): Valuations attractive upgrade to BUY

Buy: Hero MotoCorp Ltd.

Recommendation Target

BOB Capital Markets Ltd.

At Hero MotoCorp's (HMCL) investor call today, senior management stated that proactive steps have been taken to ensure business continuity.

Hero MotoCorp Ltd. has an average target of 5396.12 from 8 brokers.

Hero MotoCorp Ltd.

31 Mar 2020

5429.50

0.40%

Company Update - Unsold BS4 inventory at ~1.5L units

Buy: Hero MotoCorp Ltd.

Recommendation Target

Prabhudas Lilladhar

In addition to EFI, HMCL is working on e-carburator which is a cheapest solution for entry level BS6 segment to thereby complete with BJAUT. We interacted with senior management of HMCL where management tried to address key investor concerns such as a) unsold BS4 stock at ~1.5L units (v/s expectations ranging ~3-5L units) and b) media articles about stoppage of payment to vendors (v/s vendor payment have been prioritized in actual)....

Hero MotoCorp Ltd. has an average target of 5396.12 from 8 brokers.

Hero MotoCorp Ltd.

30 Mar 2020

5429.50

0.40%

Hero Moto share price falls 3% on report of suppliers' payment suspension

Moneycontrol

Hero MotoCorp has suspended full payments to suppliers since sales have paused and there is no visibility of receivables, according to a report.

Hero MotoCorp Ltd. is trading above all available SMAs

Hero MotoCorp Ltd.

28 Mar 2020

5429.50

0.40%

Coronavirus pandemic | Hero Moto Corp assures dealers to take care of unsold BS-IV stock

Moneycontrol

According to industry sources, around 1,000 Hero MotoCorp dealers are holding close to 1.5 lakh BS-IV stock with them.

Axis Direct increased Buy price target of Hero MotoCorp Ltd. to 5960.0 on 05 Sep, 2025.

Hero MotoCorp Ltd.

23 Mar 2020

5429.50

0.40%

Coronavirus: Hero Group arm, Rockman Industries, suspends operations in 7 plants

Business Line

Rockman Industries Ltd, the auto-components arm of Hero Group, on Monday said it has suspended all operations at its seven facilities till March 31, 2