Hero MotoCorp rose 0.98% to Rs 3,468.05 at 12:58 IST on BSE after net profit rose 18.13% to Rs 883.10 crore on 7.84% increase in total income to Rs 8131.04 crore in Q1 June 2016 over Q1 June 2015.
The announcement was made during trading hours today, 8 August 2016.Meanwhile, the BSE Sensex was up 78.70 points, or 0.28%, to 28,157.05.
On BSE, so far 56,000 shares were traded in the counter, compared with average daily volume of 25,020 shares in the past one quarter. The stock hit a high of Rs 3,525 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 3,410 so far during the day. The stock hit a 52-week low of Rs 2,259.10 on 7 September 2015. The stock had outperformed the market over the past 30 days till 5 August 2016, rising 10.74% compared with 3.22% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.04% as against Sensex's 11.30% rise.
The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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