Hero, monthly sales, simplified
Intraday selling at nifty open, tomorrow.
For long term picture, refer to older post.
Monthly results are out. Similar to Bajaj Auto, entire two-wheeler segment is hurt. Hero is no different.
Semiconductor supply issues in two-wheeler segment. Sourcing semiconductors during shortage will reduce margins as well.
We see decline in exports in Hero (as well as Bajaj), but more importantly—Hero motor sales numbers are still well below pre-covid years.
When sales are dull, exports are next to nonexistent, and economy is not in good shape, buying would be silly.
Generally, my strategy for taking bearish position is selling calls and eating premium, but you can short as well, since we know the sales data. For selling call tomorrow, sell CE at 2800 mark or at 2700 mark in Hero motor.
In a way, we know 66% (two thirds) of hero motor's next-quarter result and it's not very exciting.
13.9 percent MoM growth, with further decline in exports. Sales are far from pre-covid levels.
Growth outlook is not great.
{Note: Bajaj has slightly more reasonable P/E ratio compared to Hero, but I had a bearish position on Bajaj Auto as well; booked that position after result, yesterday.}
For long term picture, refer to older post.
Monthly results are out. Similar to Bajaj Auto, entire two-wheeler segment is hurt. Hero is no different.
Semiconductor supply issues in two-wheeler segment. Sourcing semiconductors during shortage will reduce margins as well.
We see decline in exports in Hero (as well as Bajaj), but more importantly—Hero motor sales numbers are still well below pre-covid years.
When sales are dull, exports are next to nonexistent, and economy is not in good shape, buying would be silly.
Generally, my strategy for taking bearish position is selling calls and eating premium, but you can short as well, since we know the sales data. For selling call tomorrow, sell CE at 2800 mark or at 2700 mark in Hero motor.
In a way, we know 66% (two thirds) of hero motor's next-quarter result and it's not very exciting.
13.9 percent MoM growth, with further decline in exports. Sales are far from pre-covid levels.
Growth outlook is not great.
{Note: Bajaj has slightly more reasonable P/E ratio compared to Hero, but I had a bearish position on Bajaj Auto as well; booked that position after result, yesterday.}
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