Hero shareholders hold out hope over volume revival, cost controls
Hero MotoCorp’s profit in the June quarter came about largely owing to cost-cutting measures
Sales in July rose 14% sequentially and recovery continued well into the first half of August as well
Hero MotoCorp Ltd is the best performing two-wheeler stock post-covid by far, rising by nearly 12% compared to its pre-covid highs in end-January. In comparison, shares of all other listed two-wheeler companies have fallen from their highs earlier in the year. Given its strong rural exposure, Hero is expected to do relatively better, investors believe.
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