Hero MotoCorp registers highest ever monthly sales in Oct 2020

The two-wheeler maker reported a 35% rise in its domestic wholesales at 7.91 lakh units

A positive turnaround in customer sentiments have enabled the company to achieve record numbers during the auspicious festive period,' the company said.

Hero MotoCorp Ltd on Sunday reported a 34.77% year-on-year rise in its domestic wholesales for October to 7,91,137 units due to robust recovery in sales of entry-level motorcycles in rural and semi-urban markets after the easing of lockdown measures. Overall, HeroMotoCorp registered its highest ever monthly sales of 8.06 lakh units in October 2020.

The country's largest two-wheeler maker also increased inventory at dealerships expecting good retail sales during the Diwali festival.

On a sequential basis, the company's dispatches were higher than 6,97,293 units in September and 5,68,674 units in August. The New Delhi-based manufacturer restarted operations at its Haryana and Uttarakhand factories from 5 May, selling 1,20,000 units in the month.

In October, dispatches of motorcycles, including exports, increased 32.5% to 7,32,498 units while that of scooters rose 59.6% to 74,350 units.

Hero’s exports jumped by 28.14% to 15,711 units during the month.

“A positive turnaround in customer sentiments – particularly for motorcycles across markets, continued government policy support and a credible resumption of supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period," the company said in a statement.

To offset the increase in commodity cost the company has raised prices of its vehicles by 2%, across the product portfolio.

In July, Mint had reported that expecting sales recovery to continue, especially in rural and semi urban markets, during the upcoming festival season, Hero plans to increase production to 6.5 lakh units or more from September.

Investors have been bullish about near-term prospects of the Pawan Munjal-led company since it is likely to benefit from a shift in preference to entry and executive segment motorcycles because of a quicker recovery in demand in rural areas and increasing preference for personal mobility on fears of contracting infection.

Despite witnessing decent recovery in retail sales, automakers like Hero MotoCorp are struggling to ramp up manufacturing due to disruption in supply chain network. Regional lockdowns due to rising covid-19 cases and increased inspection of imported parts from China have also added to their production woes.

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Hero MotoCorp jumps on entering into partnership with Harley-Davidson

Hero MotoCorp is currently trading at Rs. 3027.65, up by 114.95 points or 3.95% from its previous closing of Rs. 2912.70 on the BSE.

The scrip opened at Rs. 2987.00 and has touched a high and low of Rs. 3034.50 and Rs. 2952.95 respectively. So far 98484 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3393.85 on 16-Oct-2020 and a 52 week low of Rs. 1475.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3180.65 and Rs. 2854.00 respectively. The current market cap of the company is Rs. 58186.31 crore.

The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.14% and 9.10% respectively.

Hero MotoCorp has entered into wide ranging partnership with Harley-Davidson for the Indian market. As per the distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles, and sell parts and accessories and general merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero's existing dealership network in India.

Further, according to a licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name. These actions are aligned with Harley-Davidson's business overhaul, The Rewire, and the company's announcement in September to change its business model in India. This arrangement is mutually beneficial for both companies and riders in India, as it brings together the iconic Harley-Davidson brand with the strong distribution network and customer service of Hero MotoCorp.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

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Tata Motors shines on bagging order of 6413 vehicles from Andhra Pradesh State Civil Supplies Corporation

Tata Motors is currently trading at Rs. 140.15, up by 3.15 points or 2.30% from its previous closing of Rs. 137.00 on the BSE.

The scrip opened at Rs. 139.40 and has touched a high and low of Rs. 140.25 and Rs. 137.60 respectively. So far 726579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 140.75 and Rs. 126.40 respectively. The current market cap of the company is Rs. 42318.92 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 29.06% and 18.10% respectively.

Tata Motors has bagged the prestigious order of 6413 vehicles from Andhra Pradesh State Civil Supplies Corporation. Tata Motors emerged as the top bidder, as per the terms and conditions of the government body, and will be delivering the fully-built Tata Ace Gold vehicles. The vehicles are to be used as mobile dispensing units for the doorstep delivery of supplies in the state of Andhra Pradesh, and will be customised by Tata Motors to perfectly suit the application. The Tata Ace Gold was chosen for its value-for-money, low cost of operations, durability and versatility. The e-bidding process was carried out through the Government e-Marketplace.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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Reliance Industries soars as its telecom arm planning to launch 5G smartphone for less than Rs 5,000

Reliance Industries is currently trading at Rs. 2217.00, up by 41.50 points or 1.91% from its previous closing of Rs. 2175.50 on the BSE.

The scrip opened at Rs. 2192.00 and has touched a high and low of Rs. 2217.95 and Rs. 2156.00 respectively. So far 140661 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2304.20 and Rs. 2156.00 respectively. The current market cap of the company is Rs. 1493226.96 crore.

The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) is planning to launch a 5G smartphone for less than Rs 5,000 and gradually reduce the price to Rs 2,500-3,000 a unit when it scales up the operation. The company will target 20-30 crore mobile phone users who use 2G connection at present.  At present, 5G smartphones are available in India in the price range starting from Rs 27,000.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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BPCL trades marginally higher on planning to raise engine oil market share to 13-14% by March

Bharat Petroleum Corporation is currently trading at Rs. 342.55, up by 1.15 points or 0.34% from its previous closing of Rs. 341.40 on the BSE.

The scrip opened at Rs. 343.00 and has touched a high and low of Rs. 343.50 and Rs. 339.70 respectively. So far 19781 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 549.70 on 21-Nov-2019 and a 52 week low of Rs. 252.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 353.75 and Rs. 337.60 respectively. The current market cap of the company is Rs. 74112.52 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 33.29% and 13.73% respectively.

Bharat Petroleum Corporation (BPCL), which controls 11-12 percent of the around Rs 35,000-crore engine oil market, has set a target of raising its market share to 13-14 percent by March, given the rising rural demand as the farm sector is set for yet another bumper harvest. The second-largest national oil marketer is also expecting to increase its rural volumes to 60 percent and above by the end of this fiscal, from 45-50 percent now. Tractor oils are the largest selling product for the divestment-bound company that sells its lubes under the umbrella brand of Mak.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

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Infosys shines as its arm unveils Infosys Health Insights Platform

Infosys is currently trading at Rs. 1100.60, up by 34.05 points or 3.19% from its previous closing of Rs. 1066.55 on the BSE.

The scrip opened at Rs. 1089.00 and has touched a high and low of Rs. 1109.75 and Rs. 1088.10 respectively. So far 165125 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,109.75 on 08-Oct-2020 and a 52 week low of Rs. 511.10 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1109.75 and Rs. 1019.00 respectively. The current market cap of the company is Rs. 454287.58 crore.

The promoters holding in the company stood at 13.15%, while Institutions and Non-Institutions held 55.90% and 13.60% respectively.

Infosys’ US-based subsidiary -- Infosys Public Services has unveiled the Infosys Health Insights Platform (IHIP) - an automated data science platform for public health agencies developed in collaboration with Amazon Web Services (AWS), Couchbase, and Knowi. The new platform is part of the Infosys Cobalt’s growing portfolio of 14,000 cloud assets. Built on AWS, this new platform will help agencies scale their analytics capabilities and turn massive amounts of data into valuable insights and actionable recommendations.

IHIP will also spur collaboration, allowing multiple groups of public health workers - including analysts, data scientists, researchers, epidemiologists, caseworkers, and policymakers - to work together to deliver proactive and specific interventions to the constituents they serve. In the context of the COVID-19 pandemic, the platform can help stakeholders explore various public health concerns, including identifying high-risk individuals, forecasting hotspots of infection spread, and recommending insights on implementing or easing restrictions to manage the crisis better.

Infosys is a global leader in next-generation digital services and consulting.

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HDFC rises on starting month-long mega online property show

Housing Development Finance Corporation is currently trading at Rs. 1799.15, up by 9.25 points or 0.52% from its previous closing of Rs. 1789.90 on the BSE.

The scrip opened at Rs. 1789.90 and has touched a high and low of Rs. 1811.80 and Rs. 1775.55 respectively. So far 17344 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2499.65 on 14-Jan-2020 and a 52 week low of Rs. 1473.10 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1811.80 and Rs. 1660.00 respectively. The current market cap of the company is Rs. 324292.05 crore.

The Institutions holding in the company stood at 88.68%, while Non-Institutions held 11.32% respectively.

Housing Development Finance Corporation (HDFC) has started a month-long mega online property show 'India Homes Fair' featuring over 350 projects from more than 175 developers located across 50 Indian cities. All Non-Resident Indians (NRIs) and Persons of Indian Orgin (PIO) based in London, Singapore and Middle East can look forward to own their dream home in India through just a click by viting the website.

The virtual fair not only offers the ease and convenience of browsing through a wide variety of projects but also helps to compare, shortlist and get in touch with multiple developers on one platform. Visitors can view the project photo gallery, access detailed information, explore different configurations and take advantage of various offers provided by the developers.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

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