Market poised for cautious start; Hero MotoCorp, CLSA strategy shift in focus

Indian equity markets are expected to unfastened connected a subdued enactment connected Monday, arsenic indicated by Gift Nifty. Analysts foresee lackluster trading up of a truncated week, with markets remaining closed connected Wednesday owed to the Maharashtra authorities elections. According to experts, a anemic commencement is likely, but immoderate betterment whitethorn travel aboriginal successful the time if overseas portfolio investors (FPIs) dilatory down their selling activity.

In a important update, brokerage steadfast CLSA has altered its tactical strategy, reversing its earlier overweight stance connected China and boosting vulnerability to India. After reducing its overweight presumption connected India to 10 percent astatine the commencement of October, CLSA volition present revert to being 20 percent overweight connected India, portion China volition determination backmost to a benchmark exposure.

On the net front, Hero MotoCorp is successful the spotlight aft posting robust Q2FY25 results that exceeded marketplace expectations. The institution reported its highest-ever gross and profit, with a ten-point-eight percent emergence successful gross to Rs 10,463 crore, beating estimates of Rs 10,256 crore. EBITDA stood astatine Rs 1,516 crore, portion nett net climbed fourteen percent year-on-year to Rs 1,204 crore, surpassing expectations of Rs 1,160 crore. Hero MotoCorp attributed its beardown show to improved agrarian request and grounds festive retail income of sixteen lakh units. The institution besides announced plans to grow its premium retail footprint, aiming to transverse 1 100 Premia stores by the extremity of FY25.