Latest news with #HMCL
India.com
4 days ago
- Automotive
- India.com
This BSE-listed company commences production of oil pumps for Hero MotoCorp Ltd
सेफ इंवेस्टमेंट भी जरूरी Pavna Industries Limited, a manufacturers of wide range of automotive parts for OEMs serving different vehicle segments including passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles, has informed exchanges that one of its subsidiary companies, Pavna Sunworld Autotech Pvt. Ltd., has successfully commenced the production and supply of oil pumps to Hero MotoCorp Ltd. (HMCL) – India's largest two-wheeler manufacturer. Pavna Sunworld Autotech has been commissioned with the supply of oil pumps for HMCL's volume leaders — Splendor and Glamour, for supply to all six of HMCL's Indian plants. 'This is a milestone in Pavna's increasing association with marquee OEMs and reflects its focus on quality and timely delivery. It has started ramp-up production which will be scaled up progressively, rising to 50,000 units monthly over the next three to four months,' the company said. Meanwhile, shares of the company gained today and were trading at Rs 427 at the time of writing the report. This was a gain of 3.13 per cent from the previous close of Rs 414.05 on the BSE. The 52-week high of the stock is Rs 759.55 and the 52-week low is Rs 295.20. Meanwhile, benchmark indices Sensex and Nifty dropped in early trade on Monday amid selling pressure in IT stocks and foreign fund outflows. The 30-share BSE Sensex declined 232.93 points to 82,267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25,078.45. From the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech and Asian Paints were among the biggest laggards. However, Trent, Axis Bank, Mahindra & Mahindra and NTPC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday, according to exchange data.
Mint
4 days ago
- Automotive
- Mint
Pavna Industries share price rise over 4% in bear-hit Dalal Street; here's why
Shares of Pavna Industries surged over 4 percent on Monday, July 14, defying broader market weakness after the company announced that it had begun production and supply of oil pumps to Hero MotoCorp Limited (HMCL). The announcement marked a significant operational milestone for the company, which has now strengthened its ties with India's largest two-wheeler manufacturer. Pavna Industries confirmed that its subsidiary, Pavna Sunworld Autotech, has commenced the supply of oil pumps for HMCL's best-selling models — Splendor and Glamour. These pumps will be supplied to all six of Hero MotoCorp's manufacturing plants across India. The company noted that production has already begun and will be progressively ramped up to 50,000 units per month over the next three to four months. Commenting on the development, Swapnil Jain, Managing Director of Pavna Industries Ltd., said, 'This achievement is a testament to increasing consumer confidence in Pavna's engineering expertise, operational excellence, and product quality. Securing this mandate across all six Hero facilities reflects the dedication of our team and our growing credibility as a reliable supplier of key engine components.' Pavna Industries, formerly known as Pavna Locks Limited, was incorporated in 1994 and has built a strong presence in the South Asian automotive industry over the past five decades. The company manufactures a wide array of high-quality automotive parts catering to various vehicle segments — from two-wheelers and passenger vehicles to heavy commercial and off-road vehicles. It serves leading OEMs (Original Equipment Manufacturers) and has consistently focused on technology, reliability, and timely delivery. Despite the positive operational development, Pavna Industries' Q4 FY25 earnings highlighted ongoing challenges. The company reported a consolidated net profit of ₹ 1.70 crore, down 36.57 percent from ₹ 2.68 crore in Q4FY24. Consolidated revenue from operations for the quarter also fell 18.69 percent year-on-year to ₹ 66.23 crore from ₹ 81.45 crore. For the full financial year FY25, Pavna Industries' consolidated net profit dropped 30.21 percent to ₹ 7.37 crore, compared to ₹ 10.56 crore in FY24. Revenue from operations dipped 2.72 percent year-on-year to ₹ 308.24 crore from ₹ 316.87 crore. The stock rose as much as 4.4 percent in intraday trade to touch a high of ₹ 432.45 on July 14. Despite the day's gains, it remains 43 percent below its 52-week high of ₹ 759.55 hit in October 2024. It had previously touched a 52-week low of ₹ 295.20 in March 2025. Over the past year, Pavna Industries' stock has declined by 14.5 percent. So far in July, it has slipped 1.7 percent, after a 9.6 percent rise in June and a 26 percent rally in May. In April, it fell 13 percent, partially recovering from earlier losses of 26 percent in February and 2.6 percent in January. March had seen a mild uptick of 1.2 percent. Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult a certified financial advisor before making any investment decisions.
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Business Standard
24-06-2025
- Automotive
- Business Standard
Regaining share key to more upside in automobile major Hero MotoCorp
For HMCL, and the two-wheeler sector, there are multiple triggers, which should help it to post a mid-to-high single-digit growth for 2025-26 (FY26) Ram Prasad Sahu New Delhi Listen to This Article Hero MotoCorp Ltd (HMCL) has been the best-performing auto stock over the last three months, gaining over 17 per cent during this period. Multiple tailwinds, especially on the rural front, are expected to boost its volumes. In addition to the demand drivers, new launches too should help drive growth both in the commuter and premium motorcycle categories. However, given competitive pressures, the company has been losing share to competitors in the mid- to premium segments. In addition to this, what could put near-term pressure on HMCL's sales are the new norms related to anti-lock braking system (ABS) to be implemented
Business Standard
06-05-2025
- Business
- Business Standard
Ather Energy make decent debut
Shares of Ather Energy were currently trading at Rs 326.30 at 10:10 IST on the BSE, representing a premium of 1.65% as compared with the issue price of Rs 321. The scrip was listed at Rs 326.05, exhibiting a premium of 1.57% to the issue price. So far, the stock has hit a high of 332.90 and a low of 321. On the BSE, over 6.90lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Ather Energy was subscribed 1.43 times. The issue opened for bidding on 28 April 2025 and it closed on 30 April 2025. The price band of the IPO was fixed between Rs 304 to 321 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 2,626 crore and an offer for sale of 11,051,746 equity shares, aggregating up to Rs 354.76 crore, by existing shareholders. The objectives of the fresh issue included Rs 927.2 crore for capital expenditure towards the establishment of an electric two-wheeler (E2W) factory in Maharashtra, India; Rs 40 crore for repayment/pre-payment of certain borrowings; Rs 750 crore for investment in research and development; Rs 300 crore for marketing initiatives; and the remaining amount for general corporate purposes. The promoters are Tarun Sanjay Mehta, Swapnil Babanlal Jain, and Hero MotoCorp (HMCL). The promoters and promoter group hold an aggregate of 158,728,716 equity shares, aggregating to 54.6% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 42%. Ahead of the IPO, Ather Energy on Friday, 25 April 2025, raised Rs 664 crore from anchor investors. The board allotted 2.06 crore shares at Rs 321 each to 14 anchor investors. Ather Energy, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, smart accessories, and supporting software systems. The firm reported a consolidated net loss of Rs 577.90 crore and sales of Rs 1,578.90 crore for the nine months ended on 31 December 2024.
Business Standard
02-05-2025
- Business
- Business Standard
Ather Energy IPO ends with 1.43x subscription
The offer received bids for 7.65 crore shares as against 5.33 crore shares on offer. The initial public offer (IPO) of Ather Energy received 76,544,046 bids for shares as against 53,363,160 shares on offer. The issue was subscribed 1.43 times. The Qualified Institutional Buyers (QIBs) category was subscribed 1.70 times. The Retail Individual Investors (RIIs) category was subscribed 1.78 times. The Non-Institutional Investors (NIIs) category was subscribed 0.66 times. The issue opened for bidding on 28 April 2025 and it will close on 30 April 2025. The price band of the IPO was fixed between Rs 304 to 321 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 2,626 crore and an offer for sale of 11,051,746 equity shares, aggregating up to Rs 354.76 crore, by existing shareholders. The objectives of the fresh issue included Rs 927.2 crore for capital expenditure towards the establishment of an electric two-wheeler (E2W) factory in Maharashtra, India; Rs 40 crore for repayment/pre-payment of certain borrowings; Rs 750 crore for investment in research and development; Rs 300 crore for marketing initiatives; and the remaining amount for general corporate purposes. The promoters are Tarun Sanjay Mehta, Swapnil Babanlal Jain, and Hero MotoCorp (HMCL). The promoters and promoter group hold an aggregate of 158,728,716 equity shares, aggregating to 54.6% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 42%. Ahead of the IPO, Ather Energy on Friday, 25 April 2025, raised Rs 664 crore from anchor investors. The board allotted 2.06 crore shares at Rs 321 each to 14 anchor investors. Ather Energy, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, smart accessories, and supporting software systems. The firm reported a consolidated net loss of Rs 577.90 crore and sales of Rs 1,578.90 crore for the nine months ended on 31 December 2024.
