Hero MotoCorp inches up on reinvigorating strategy for Nigeria market
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Hero MotoCorp is currently trading at Rs. 3056.30, up by 8.00 points or 0.26% from its previous closing of Rs. 3048.30 on the BSE.
The scrip opened at Rs. 3055.10 and has touched a high and low of Rs. 3079.65 and Rs. 3047.55 respectively. So far 4946 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3628.55 on 18-Feb-2021 and a 52 week low of Rs. 2233.40 on 12-Jun-2020.
Last one week high and low of the scrip stood at Rs. 3079.65 and Rs. 2941.95 respectively. The current market cap of the company is Rs. 60901.95 crore.
The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 55.87% and 9.37% respectively.
Hero MotoCorp has reinvigorated strategy for the Nigeria market. Building on its aggressive strategy to have a robust market presence, the New Delhi (India)-headquartered company also launched a new motorcycle that is developed especially for the Nigerian market. The diversified Kewalram Chanrai Group is the exclusive distributor of Hero MotoCorp in Nigeria. With its extensive experience in the automotive sector spanning several decades, the Group will play an integral role in Hero MotoCorp’s growth plans in Nigeria.
Hero MotoCorp - along with Kewalram Chanrai Group - is aiming to aggressively grow its presence in Nigeria and cater to the continuous demand for great quality products at affordable prices. The new strategy underscores Hero MotoCorp’s commitment towards Nigeria and to providing customers with an appealing and comprehensive range of products across the country.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
