Hero Moto Corp trades higher on the bourses

29 Mar 2012 Evaluate

Hero Moto Corp is currently trading at Rs. 2021.15, up by 28.10 points or 1.41% from its previous closing of Rs. 1993.05 on the BSE.

The scrip opened at Rs. 2015.00 and has touched a high and low of Rs. 2026.90 and Rs. 1975.30 respectively. So far 58,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2248.00 on 14-Nov-2011 and a 52 week low of Rs. 1482.25 on 15-Jul-2011.

Last one week high and low of the scrip stood at Rs. 2064.90 and Rs. 1922.55 respectively. The current market cap of the company is Rs. 40,359 crore.

The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 39.13% and 8.66% respectively.

Hero MotoCorp, the two-wheeler maker is likely to set up manufacturing and assembly plants in Africa, as it has identified growth markets in Africa. The company had earlier sent teams to the continent to find out potential markets for two-wheelers. It is also eying new markets such as Southeast Asia and Latin America, and expects to generate 10% of total revenue from exports in the next five years.

Recently, Hero MotoCorp has inked pact with world's largest privately-owned engine developer, AVL of Austria for developing in-house capabilities to make its own engines.

The company has reported highest-ever sales of 520,272 units for January 2012, 11.52% increase vis-a-vis the corresponding month last year. The company sold 466,524 units in January, 2011.        

Hero MotoCorp Share Price

4272.50 -67.35 (-1.55%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 8765.10
Hero MotoCorp 4272.50
TVS Motor 2388.15
Eicher Motors 4750.40
Atul Auto 570.50
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.