Hero MotoCorp share price rises over 2% - What should stock market investors should do? Jefferies suggests this
Hero MotoCorp said in a press release that the company has restarted operations, on a limited scale, at three of its plants in Haryana and Uttarakhand from 17 May, after voluntarily halting production in the last week of April due to exponential rise in cases of covid-19. Hero MotoCorp 4QFY21 volumes were 12% below 4QFY19, but EBITDA/PAT were 10-18% higher (8-10% above Jefferies estimate)
Hero MotoCorp said that the 2-wheeler segment had lagged in the demand recovery in recent months and Mar-Q registrations were 15% below 2019: Reuters