Hero MotoCorp rides high on planning to set up assembly plant in Nepal
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Hero MotoCorp is currently trading at Rs. 4490.85, up by 88.10 points or 2.00% from its previous closing of Rs. 4402.75 on the BSE.
The scrip opened at Rs. 4409.85 and has touched a high and low of Rs. 4561.80 and Rs. 4409.85 respectively. So far 52190 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4561.80 on 23-Jan-2024 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. 4561.80 and Rs. 4298.70 respectively. The current market cap of the company is Rs. 90441.94 crore.
The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.44% and 8.80% respectively.
Hero MotoCorp has planned to set up a facility for assembling products in Nepal in partnership with CG Motors, its newly appointed distributor in the country. The facility will be located in Nawalpur district and have a capacity of 75,000 units per annum. Operations will begin in March 2024. The company plans to strengthen its operations across the country further and introduce a slew of new products that will excite the market.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
