New Delhi, Nov. 17 -- It is pouring earnings upgrades for Hero Motocorp Ltd, following its decent September quarter (Q2FY26) earnings performance.
Remember, operational challenges had disrupted the auto maker's business in the first quarter. But, now investors took comfort from better-than-expected revenue growth of around 16% to Rs.12,126 crore driven by sustained recovery in rural demand amid new product launches. The stock rose 4% and hit a new 52-week high of Rs.5,775 on Monday.
Among the highlights, Hero delivered a second straight quarter of market-share gains in its core 100-125cc motorcycle segment. After years of underperformance in a premium-tilted market, a sustained rural revival this fiscal has played to Hero's strengths.
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