India's benchmark indices continued their upward trajectory, marking the sixth consecutive session of gains. The Nifty 50 reclaimed the 26,000 mark, while the Sensex approached the 85,000 level, driven by strong performance in key sectors.

Market Highlights

The rally was primarily fueled by robust buying in financials, midcaps, and select auto stocks. Notably, the broader market outperformed the benchmarks, with both Nifty Midcap and Nifty Bank indices reaching fresh all-time highs.

Sector and Stock Performance

The market showed a mixed bag of performances at the individual stock level:

• Hero MotoCorp: Emerged as a top gainer, surging 4.00%
• Tata Motors' Passenger Unit: Witnessed a decline of 5.00%

Market Breadth

The overall market sentiment remained positive, with the broader indices showcasing strength. This trend indicates a healthy market breadth, suggesting that the rally is not limited to just a few large-cap stocks but is more widespread across various market segments.

Investor Takeaway

The continued upward movement of Indian benchmark indices, coupled with the outperformance of midcaps and the banking sector, signals robust investor confidence. However, the mixed performance of individual stocks underscores the importance of selective stock picking in the current market environment.

Investors are advised to conduct thorough research and consider their risk tolerance before making investment decisions, especially given the market's recent strong run.

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has reported its highest-ever revenue and profit after tax (PAT) for the second quarter of fiscal year 2026, demonstrating strong growth and market expansion across various segments.

Financial Highlights

For Q2FY'26 (July-September 2025), Hero MotoCorp achieved the following results:

The company's EBITDA margin expanded by 55 basis points compared to the previous year, standing at 15.00% for the quarter.

H1FY'26 Performance

For the first half of FY'26 (April-September 2025), Hero MotoCorp reported:

The EBITDA margin for H1FY'26 expanded by 33 basis points over the previous year, reaching 14.80%.

Market Share Gains and Festive Season Performance

During the festive season from August 23 to November 12, 2025, Hero MotoCorp outperformed the industry:

• ICE VAHAN registrations grew by 16.20%, surpassing the industry growth of 14.70%
• The company gained 40 basis points in market share
• Strong performance was noted in the Entry, Deluxe, and Scooter segments

Electric Vehicle (EV) Business Growth

VIDA, Hero MotoCorp's Emerging Mobility business, showed significant progress:

• Achieved its highest-ever EV business market share of 11.70%
• Launched the VX2 EVOOTER with removable battery and Battery-as-a-Service (BaaS)
• Unveiled new electric mobility concepts under the VIDA NOVUS portfolio at EICMA 2025 in Milan, Italy
• Announced the launch of VIDA VX2 in Europe

Global Expansion

Hero MotoCorp's Global Business demonstrated strong growth:

• Dispatch growth of 77%, tripling the industry growth rate
• Led by strong performance in Bangladesh, Nepal, Sri Lanka, and Colombia
• Marked entry into European and UK markets with Euro5+ compliant portfolio

Product Strategy and Innovation

The company strengthened its product lineup in the 100cc-125cc segment with new launches and refreshes, including:

• HF Deluxe Pro
• Glamour X
• Destini 125
• Destini 110
• Xoom 160
• Xpulse 210

Leadership Appointments

Hero MotoCorp made several key leadership appointments:

• Mr. Harshavardhan Chitale as new Chief Executive Officer (CEO), effective January 5, 2026
• Ms. Kausalya Nandakumar as Chief Business Officer – Emerging Mobility Business Unit (EMBU), effective July 10, 2025
• Ms. Latika Taneja as Head for Corporate Communications, Corporate Affairs, and Corporate Social Responsibility (CSR), effective August 19, 2025
• Ms. Madhuri Mehta as Chief Human Resources Officer (CHRO), effective October 1, 2025

Sustainability and Recognition

• The company's Dow Jones Sustainability Index (DJSI) score improved to 75 in FY25 from 69 in FY24
• Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, was recognized in the 2025 TIME100 Climate list

Vivek Anand, Chief Financial Officer (CFO) of Hero MotoCorp, attributed the strong performance to the simplified GST regime, positive consumer sentiment, and the company's strategic initiatives. He expressed optimism about continued growth, supported by GST reforms, healthy macro-economic parameters, and a robust product portfolio.

Hero MotoCorp's record-breaking quarter, coupled with its expansion in the EV segment and global markets, positions the company for sustained growth in the evolving automotive landscape.