PRE-MARKET INDIAN STOCKS NEWS: Hero MotoCorp (HMCL IS) March total sales volume rose 8.8% Y/Y to 598k units, while domestic sales volume rose 8.3% Y/Y to 552k units
Hero MotoCorp's March sales growth of 8.8% year-over-year is a positive indicator for the company's operational momentum in a competitive market.
A former Iranian Foreign Minister was seriously injured and his wife was killed in a Tehran strike, according to Iranian media
Missile was intercepted near Abu Dhabi's KEZAD
PRE-MARKET INDIAN STOCKS NEWS: Hero MotoCorp (HMCL IS) March total sales volume rose 8.8% Y/Y to 598k units, while domestic sales volume rose 8.3% Y/Y to 552k units
Japan sells JPY 1.97tln 10yr JGBs, b/c 2.57x (prev. 3.30x), average yield 2.350% (prev. 2.122%)
[MARKET ANALYSIS] Asia-Pac stocks wiped out gains as Trump's primetime address and renewed threat dampened hopes for a near-term off-ramp in the conflict
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Glenmark Pharmaceuticals (GNP IS) - Co. said its US unit will manage end-to-end commercialisation and distribution of Ryaltris nasal spray in the United States, effective April 1. (Moneycontrol)
Hero MotoCorp (HMCL IS) - Co. March total sales volume rose 8.8% Y/Y to 598k units, while domestic sales volume rose 8.3% Y/Y to 552k units. (Moneycontrol)
Indian Bank (INBK IS) - Co. Q4 total business rose 13.1% Y/Y to INR 14.98tln, gross advances rose 13.6% Y/Y to INR 6.68tln, total deposits rose 12.6% Y/Y to INR 8.30tln, while CASA ratio fell to 39.86% (prev. 40.17%). (Moneycontrol)
Indian Oil Corporation (IOC IS) - Co. FY26 crude throughput was 75.4MMT with operational reliability of 99.5%, while petroleum product sales volume rose 4% Y/Y to 104.4MMT. (Moneycontrol)
InterGlobe Aviation (INDIGO IS) - Co. revised fuel charges on domestic and international routes for all new bookings, effective April 2. (Moneycontrol)
Karnataka Bank (KBL IS) - Co. Q4 total deposits rose 3.8% Y/Y to INR 1.08tln, while gross advances rose 6.9% Y/Y to INR 83.3bln. (Moneycontrol)
Lupin (LPC IS) - Co.'s subsidiary Nanomi BV entered into definitive agreements to acquire a 43.38% stake in Multicare Pharmaceuticals Philippines for USD 39.6mln. (Moneycontrol)
Ola Electric Mobility (OLAELEC IS) - Co. March registrations rose 150% M/M to 10.1k units. (Moneycontrol)
TVS Motor Company (TVSL IS) - Co. March total sales rose 25% Y/Y to 519k units, while two-wheeler sales rose 25% Y/Y to 498k units. (Moneycontrol)
Telecoms
- Bharti Airtel (BHARTI IS) - Co. added 4.86mln subscribers (prev. 4.41mln). (Moneycontrol)
- Reliance Industries (RIL IS) - Co.'s Jio unit added 1.62mln subscribers (prev. 2.44mln). (Moneycontrol)
- Vodafone Idea (IDEA IS) - Co. added 21.9k subscribers (prev. loss of 411k). (Moneycontrol)
This uptick in total sales volume, along with domestic sales growth, suggests a solid demand outlook that could support investor sentiment and impact the automotive sector favorably, particularly in the Indian context.
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