May outperform Hero MotoCorp on higher export demand
Says Hero MotoCorp had the best ever month of October since it started in 1985 with highest production, dispatch and sales in a day
Markets today: Heavyweights like HDFC, Bajaj Finance, HDFC Bank, and Reliance ended between 0.5 per cent and 3 per cent higher on the S&P BSE Sensex
The RSI has recently indicated a trend reversal and is on the rise to show strength in BPCL
The Hero MotoCorp-backed startup currently has presence in 11 locations across the country.
Hero is gearing up to provide service and parts support to customers even where there are no Harley dealerships through its own network
Hero MotoCorp believes that the growth in personal mobility post Covid-19 restrictions will further strengthen the demand for two-wheelers
Third straight month of growth since factories and dealerships re-opened after lockdown; with festivities drying up, sales are likely to cool off
The stock of Hero Moto Corp has indicated a reversal from the oversold zone to signal a buy
The two companies have inked a distribution agreement, under which Hero will sell and service Harley-Davidson motorcycles
All that happened in the markets today
On the outlook, the company said the news on the rapid development of Covid-19 vaccines is likely to enable a faster rebound of the global economy in the coming months.
The festive season witnessed strong customer preference for Destini and Pleasure scooters, resulting in high double-digit growth for the two models
The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
The world's largest two-wheeler manufacturer sold 806,848 units of motorcycles and scooters in October 2020 - its highest-ever sales in any single month
Dealers fear a weak retail demand may lead to stock pile-up
As long as Bharti Airtel's stock is able to defend Rs 440-mark, the upside bias may lead to upward rally towards Rs 480 and Rs 510 levels
The country's largest two-wheeler maker had posted a net profit of Rs 883.78 crore during the July-September period of the previous fiscal
All that happened in the markets today