Hero MotoCorp’s stock reached a 52-week high following a strong second quarter with double-digit revenue and profit growth. The company achieved a record market share for its VIDA EV brand and saw significant growth in global dispatches. Analysts maintain a ‘buy’ rating, anticipating continued sales volume growth driven by new launches and improving rural demand.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.