Why the stock of Hero MotoCorp is a good ‘Buy’
April 17, 2021
Price correction is a good opportunity for long-term investors to take the plunge
Investors with a one to two year perspective can buy the Hero MotoCorp stock. Market volatility since the benchmark Sensex index first touched the 50,000-mark has seen many bluechips correct and Hero is one of them. The stock has lost about 20 per cent from its one-year high of ₹3,628 clocked in mid- February.
A rise in fuel prices as well as price hikes to pass on escalation in commodity costs have also impacted the stock, as the company caters to the price-sensitive commuter segment, predominantly.. With the second wave of Covid rearing its head, production and sales volumes could take a hit in the next 2-3 months.
Bajaj Auto sales rise 6% in February to 3.75 lakh units
Bajaj Auto s overall domestic sales declined 2 per cent to 1,64,811 units, while exports increased 13 per cent to 2,10,206 units. During this fiscal so far, domestic sales have been down 26 per cent and exports have dipped 8 per cent
BusinessToday.In | March 1, 2021 | Updated 13:13 IST
Bajaj Auto share is up 1.34 per cent to Rs 3,848 on the NSE
Auto major Bajaj Auto Ltd on Tuesday reported a 6 per cent increase in total sales at 3,75,017 units in February. The company had sold 3,54,913 units in the same month last year, Bajaj Auto said in a statement.
Total two-wheeler sales were at 3,32,563 units against 3,10,222 units in the year-ago month, a growth of 7 per cent. Domestic two-wheeler sales were marginally higher at 1,48,934 units compared to 1,46,876 units in February last year, the company said. The company s two-wheeler export grew 12 per cent 1,83,629 as compared to 1,163,346 in February 2020.