The company's recent rally was underpinned by a 115.6% year-on-year surge in net profit to ₹10.2 crore, accompanied by revenue rising to ₹319.3 crore. Operating efficiency improved substantially, with the EBITDA margin expanding by approximately 400 basis points to reach 11.3%. Additionally, the firm signed an agreement to acquire an extra 39% stake in UK-based Hewland Engineering Ltd for about £0.60 million.
Key points
Strong operational execution drove a 92% increase in quarterly EBITDA, expanding operatin…: Strong operational execution drove a 92% increase in quarterly EBITDA, expanding operating margins to 11.3%.
The acquisition of an additional 39% stake in Hewland Engineering requires no regulatory…: The acquisition of an additional 39% stake in Hewland Engineering requires no regulatory approvals and is set to conclude in six months.
Despite gaining nearly 16% over three sessions, the stock remains down roughly 12% over t…: Despite gaining nearly 16% over three sessions, the stock remains down roughly 12% over the past month.
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Hero Motors share price: Hero Motors shares have surged 46% from their IPO issue price of ₹84, with the stock hitting its third consecutive 5% upper circuit on October 29.
The sharp rally has put the recently listed stock back on investors’ radar, supported by strong September-quarter earnings and improving operating performance.
Hero Motors shares were locked in a 5% upper circuit at ₹122.40 in intraday trade on Thursday, October 29, marking the third consecutive session in which the stock hit its upper price band. The stock opened at ₹120 apiece on the BSE before climbing to its upper circuit level.
The shares have gained nearly 16% over the past three trading sessions and are now up approximately 46% from their IPO issue price of ₹84. However, the stock's recent momentum comes against a mixed short-term performance: it has declined around 12% over the past month while gaining approximately 5% in a week.
Hero Motors made its stock market debut on September 23, 2026, listing at a discount to its IPO price. The shares opened at ₹82.10 on the BSE,…
Robust domestic sales momentum and expanding manufacturing capacity are helping the automaker offset margin compression driven by elevated raw material expenses. Leading brokerages are looking past short-term bottom-line pressure, focusing on upcoming vehicle launches and high-margin utility model demand to drive future performance. This continued institutional confidence has spurred fresh buying interest across broader market sessions.
Regulatory interventions and tax adjustments designed to curtail retail speculation have inadvertently channeled domestic market participation into volatile instruments. Escalating margin thresholds for traditional derivatives have led participants toward short-term contracts despite markedly unfavorable win rates. Furthermore, these cost pressures threaten to displace activity toward offshore alternatives featuring extreme leverage.
Investor sentiment rebounded after the manufacturer secured a significant ₹1,140 crore contract from the Ministry of Railways, strengthening its presence in the domestic rail freight sector. The fresh inflow provides crucial revenue visibility while internal manufacturing of components helps protect operating margins and delivery timelines. This operational boost offers relief after extended market pressure that saw the equity face sharp corrections over the preceding year.