Latest Stock Market News

"We expect a relatively short recession in the US in 2Q23 and 3Q23 but the recovery is unlikely to be rapid with GDP growth still subdued at 1.6% in 2024. We forecast that the Eurozone QoQ GDP growth will be negative in 1Q23 before turning positive in the second quarter," Fitch said.

BSE data showed that a large block deal took place in the second half of the day leading to a spurt in volume by over 19.25 times

As of 30-Jun-2022, promoters held 68.69 per cent stake in the company, while FIIs held 11.13 per cent and domestic institutional investors had 3.97 per cent.

GM is expected to improve sequentially but operating margin will remain under pressure owing to weak revenue show. The brokerage models 15% YoY decline in EBITDA. EBITDA margin at ~30%.

Hero MotoCorp, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 53467.43 Crore) operating in Auto sector.

“It appears that hydrogen internal combustion engine probably may see the light of day in terms of commercialisation faster than hydrogen fuel cell electric because of internal combustion engine being more tolerant to lower purity of hydrogen and also it helps to use the entire IP as well as infrastructure that has already been there for internal combustion engine.”

A total of 1,228,842 shares changed hands on the counter till 02:13PM (IST)

For more such web stories click on the ET icon below

The consensus recommendation from 15 analysts for the bank is a buy. Out of the 17 analysts covering the stock, 13 have strong buy and buy ratings, while only one has a sell rating and the remaining three have hold ratings.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.65 per cent and 6.76 per cent, respectively.