Hero MotoCorp gains on eyeing at enhancing market share across segments
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Hero MotoCorp is currently trading at Rs. 2931.95, up by 4.35 points or 0.15% from its previous closing of Rs. 2927.60 on the BSE.
The scrip opened at Rs. 2927.60 and has touched a high and low of Rs. 2943.70 and Rs. 2915.00 respectively. So far 10476 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242.85 on 01-Aug-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3022.80 and Rs. 2915.00 respectively. The current market cap of the company is Rs. 58706.52 crore.
The promoters holding in the company stood at 34.77%, while Institutions and Non-Institutions held 55.38% and 9.85% respectively.
With its margins back to pre-Covid levels, Hero MotoCorp is now eyeing at sustainable growth, enhancing market share across segments on the back of new product launches over the next few quarters. The company is also looking at enhancing production capacity to roll out Harley-Davidson X440 which has already received over 25,000 bookings.
The company is also on track to introduce its electric vehicle range in 100 cities by this year-end with a focus on attaining clear leadership in the vertical.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
