Hero MotoCorp Shares Rise Marginally As Co Set To Launch New Karizma XMR 210

Shares of Hero MotoCorp Ltd witnessed marginal surge of 0.20% intraday on BSE today. Current market price of Hero MotoCorp stock is Rs 2984.80 apiece. Shares of the large cap auto stock witnessed a decline of 1.63% in last 1-week and soared 1.15% in last 2-weeks. Meanwhile, Hero MotoCorp on August 14 teased the new Karizma XMR 210 ahead of its official launch later this month on August 29.

The teaser reflects only a silhouette image of the yet to be launched motorcycle and no key details are reveled about Karizma XMR 210.

Meanwhile, Hero MotoCorp shares opened at Rs 3004.00 apiece, touched day's high of Rs 3004.00 apiece, and day's low of Rs 2961.50 apiece till 2:05 pm. Hero MotoCorp stock witnessed a rally of 10% in last 3-months. The stock jumped 18% in last 6-months, offered a return of over 2% in last 1-year, and rallied 7% in last 2-years.

It is worth mentioning that apart from the silhouette of the Hero Karizma XMR 210, the new teaser video also showcases the XMR branding and the side fairing design of the upcoming motorcycle. It is likely that the XMR 210 will feature a sporty design language with sharp styling cues. It also expects to feature all-LED lighting along with a tri-arrow signature for the DRL, according to a report by bikewale.

Hero MotoCorp for the quarter ended June 30, 2023 declared its consolidated total income at Rs 9,076.55 crore, up 4.67% as against the last quarter total income of Rs 8,671.82 crore. It announced its recent quarter net profit after tax at Rs 795.03 crore.

Hero MotoCorp has been the world's largest manufacturer of motorcycles and scooters in terms of unit volume sales in a calendar year as a single company since 2001. Over the past 10 years, the company has rapidly expanded its capacity, geographic footprint, customer touch points and R&D capabilities to emerge as a truly global brand. It also entered into synergistic partnerships to strengthen ecosystem and further fortify the future, according to its official website.