Hero MotoCorp soars 4%, nears 52-week high on hopes of healthy Q1 results

The company expects the positive trend to continue in the coming months, on the back of a decent monsoon, and encouraging farm activity.

Shares of Hero MotoCorp (HMCL) moved higher by 4 per cent to Rs 2,837, hitting an over four-month high on the BSE in Wednesday’s trade on expectations of strong June quarter earnings (Q1FY23). The stock of the world’s largest manufacturer of motorcycles and scooters traded at its highest level since February 18, 2022. The stock is just 4 per cent shy from its 52-week high of Rs 2,953 hit on September 17, 2021.

In the past three months, the stock price of HMCL has appreciated by 20 per cent as compared to 10 per cent decline in the S&P