Tribunal permits Hero MotoCorp to sell EVs under 'Hero' trademark The tribunal – comprising former Chief Justice of India Dipak Misra and retired judges Indu Malhotra and Indermeet Kaur – observed that Hero MotoCorp had publicly asserted its manifest intention to use the name ‘Hero for its business of electric vehicles since 2012 and that it was close to the commercial launch of its electric vehicles under the brand ‘Vida – powered by Hero.
Ather Energy sees five times jump in revenues for FY22 Ather sold 23,408 units of electric scooters in FY22, a 4.2 times jump from 5,523 units sold in FY 21, according to the companys financials sourced through business intelligence platform Tofler.
Auto stocks that analysts prefer ahead of June month sales data Nomura India prefers Mahindra & Mahindra (M&M) due to strong model cycle tailwinds. It also likes Tata Motors and Ashok Leyland. Rising electrification and content per vehicle will be the key value drivers for suppliers, the brokerage added, as it prefers Sona Comstar, Minda Industries and Sansera in the ancillary space.
Sanjeev Prasad on why it is still not time to turn buyer in the broader market “Commodity prices have corrected a lot, especially metal prices while oil prices have moderated from high levels. All that is good news and expectations are inflation will not surprise negatively on the higher side. In the second half of FY23, we will see a big decline in inflation just because of the very high base effect of the second half of FY22. ”
Small & midcaps could see prolonged phase of pain; reduce exposure in speculative stocks: Gaurav Dua “The CNX Smallcap Index tends to decline by 25-35% whereas individual stocks can correct by 30-70% in the corrective phase. Thus, it would be better to reduce exposure in speculative stocks with weak fundamentals in case of bounce back.”
As D-St stages recovery, 15 BSE500 stocks rally up 10-29% this past week The NSE Nifty advanced 405.75 points or 2.65 per cent for the week to settle at 15,699.25. The BSE Sensex closed the week at 52,727.98, up 1,367.56 points, or 2.66 per cent. The BSE midcap and the BSE SMallcap indices rose 2.38 per cent and 1.61 per cent, respectively.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade Rolex Rings, Sterling Tools, Kohinoor Foods, Globesecure Technologies Ltd. and Regency Ceramic, hit their fresh 52-week highs during the day.
Hero MotoCorp launches Passion Xtec motorcycle; price starts at Rs 74,590 Hero MotoCorp Head of Strategy and Global Product Planning Malo Le Masson said the company's range of 'XTec' products, such as the Splendor+ XTec, Glamour 125 XTec, Pleasure+ 110 XTec and Destini 125 XTec have "received an overwhelming response from customers and we expect the Passion XTec to continue this trend".
5 stocks Chakri Lokapriya added in this market rout “We have added some of the export-based companies like SRF. Second is Jubilant Ingrevia. The company is changing its profile and becoming more high margin business. It trades at about 11 times, earnings growth will be north of 20 times. Second, again in the auto pack, we have added Hero MotoCorp and TVS Motors as well as Tata Motors.”
Hero MotoCorp climbs 4% as two-wheeler maker announces price hikes "The exact quantum of increase will be subject to the specific model and market," it said, adding that the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices.