Hero MotoCorp rises on inking pact with European design and technology Company

07 Sep 2012 Evaluate

Hero MotoCorp is currently trading at Rs. 1799.00, up by 6.95 points or 0.39% from its previous closing of Rs. 1792.05 on the BSE.

The scrip opened at Rs. 1827.00 and has touched a high and low of Rs. 1827.00 and Rs. 1785.10 respectively. So far 26,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2278.50 on 02-May-2012 and a 52 week low of Rs. 1702.65 on 09-Jan-2012.

Last one week high and low of the scrip stood at Rs. 1827.00 and Rs. 1743.40 respectively. The current market cap of the company is Rs. 35,923 crore.

The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 39.15% and 8.64% respectively.

Hero MotoCorp, India's largest two-wheeler maker has signed an agreement with a European design and technology partner, which will be its third partner since the split from Japan's Honda Motor. The name of the new partner will be announced soon. Last year, the company had ended the 26-year joint venture with Honda Motor, a move that allowed it to explore new products and export opportunities in markets where the Japanese company has a presence.

Earlier in February this year, the company had announced a partnership agreement with US superbike company Erik Buell Racing, and in March signed a research deal with Austrian engine manufacturer AVL.

Recently, it had entered into the international market under its newly incorporated brand identity by launching as many as 14 models in Sri Lanka. It has appointed ABANS Group as its sole distributor in the island nation to sell the products through a channel of 50 outlets.   

Hero MotoCorp Share Price

5495.00 44.30 (0.81%)
27-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
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Hero MotoCorp 5495.00
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