Hero MotoCorp gained over 1% on Wednesday ahead of announcing its Q1FY19 numbers. Estimates suggest that the automaker's revenue will go up 16% yoy.
Further, top-line growth will be led by 14% yoy (5% qoq) volume and 2% yoy (3% qoq) realization growth. The company is well-positioned to benefit from the strength in rural demand since it derives half of its motorcycle volumes from rural sales.
Meanwhile, Hero MotoCorp’s strategy in dealing with the price war that Bajaj Auto has initiated will be in focus.
Hero MotoCorp share price is currently at Rs3,143.05, up Rs41.6, or 1.34%, from its previous close of Rs3,101.45 on the BSE.
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