Street didn’t like the results due to miss on all the parameters. Hero management is always gungho about the company in all their communications and concall and their frequent hits and misses on results have eroded their credibility. Unlike Bajaj where management is always balanced in their commentary is not afraid to share bad news.
Given continuous loss of market share in all the categories, Hero’s management at some time will have to address the elephant in the room instead of just hiding behind the numbers.
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