Hero MotoCorp rose 0.32% to Rs 2,689.35 at 14:32 IST on BSE, amid volatility after Bain Capital India Private Investors II offloaded 27.50 lakh shares of the company at Rs 2,591.25 per share in a bulk deal on the NSE yesterday, 26 November 2015.
Meanwhile, the S&P BSE Sensex was up 190.54 points or 0.73% at 26,149.17.
On BSE, so far 10,000 shares were traded in the counter as against average daily volume of 33,824 shares in the past one quarter.
The stock was volatile. The stock rose as much as 0.55% at the day's high of Rs 2,695.60 so far during the day. The stock lost as much as 0.75% at the day's low of Rs 2,660.50 so far during the day. The stock had hit a record high of Rs 3,271.80 on 1 December 2014. The stock had hit a 52-week low of Rs 2,252 on 8 May 2015.
The stock had outperformed the market over the past one month till 26 November 2015, gaining 2.35% compared with the Sensex's 5.13% fall. The scrip had also outperformed the market in past one quarter, advancing 12.08% as against Sensex's 0.95% rise.
The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Morgan Stanley Asia (Singapore) Pte bought 16.90 lakh shares of Hero MotoCorp at Rs 2,590 per share on the NSE yesterday, 26 November 2015.
Hero MotoCorp's net profit rose 1.1% to Rs 772.06 crore on 1.7% decline in net sales to Rs 6745.11 crore in Q2 September 2015 over Q2 September 2014.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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