Why Hero Motocorp is better poised than peers to ride out of the lockdown
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New Delhi, May 26 -- Hero MotoCorp Ltd's stock has retraced lost ground faster than its peers since the lockdown was eased. The stock has gained 15.7% since 21 April, while shares of Bajaj Auto Ltd and TVS Motor Co. Ltd rose by 10.2% and 3.4% each, respectively. The 15% decline in Hero MotoCorp shares from their highs seen earlier in the year is also far less than that of peers.
The kicker for Hero's stock came from news that the firm had sold 10,000 motorcycles within a week after some dealers reopened.
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But greater conviction on prospects come from the company's large exposure to rural markets. This will help offset the covid-19 impact for the company to a relatively greater extent, say analysts. About ha...
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