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India's Hero MotoCorp top weekly gainer on Nifty 50 after Q1 profit beat

ReutersAug 8, 2025 8:50 AM

** Shares of Hero MotoCorp HROM.NS up 7.6% this week, set for best weekly gain since week ended May 12

** Stock top weekly gainer on benchmark Nifty 50 .NSEI, which is down 0.56% for the week

** Nifty Auto index .NIFTYAUTO up 0.7% for the week

** Gains driven by the two-wheeler maker's first-quarter profit marginally rising, beating analysts estimate of a fall in profit, as higher exports offset weak domestic sales

** Peers, Bajaj Auto BAJA.NS and TVS Motor TVSM.NS also topped profit estimates this week

** BAJA and TVSM up 2.2% and 4.4% for the week, respectively

** Avg rating on HROM and BAJA at "hold", TVSM at "buy" - data compiled by LSEG

** YTD, HROM and TVSM up ~11% and ~26% respectively, BAJA down ~7%

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