BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Hero MotoCorp Ltd. has posted a notable operating performance in these tough times. The narrative around rural demand is positive, but supply chain ramp-up and broad-base demand are important for demand sustainability.
The management is quite confident of market share gains in Q1 sustaining, driven by rural buoyancy, response to BS6 products, a refreshed portfolio (Passion, Glamour), and the plugging of product gaps (scooters and premium).
Operations have recovered to 80–90% of pre-Covid-19 levels, and would fully normalize in the coming months as it looks to build inventory for the festive season. 95% of its dealers are fully operational.
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