Shares of Hero MotoCorp today rose by over 4 per cent even as the company posted a 13.86 per cent decline in net profit for the March quarter.
The scrip went up by 4.26 per cent to close at Rs 3,463.80 on BSE. During the day, it jumped 4.82 per cent to Rs 3,482.60.
On NSE, shares of the company gained 4.15 per cent to end at Rs 3,461.80.
Two-wheeler major Hero MotoCorp yesterday posted a 13.86 per cent decline in net profit at Rs 717.75 crore for the March quarter, impacted by lower sales and discounts to liquidate banned BS-III models.
The company had reported a net profit of Rs 833.29 crore in the same quarter of the previous fiscal.
Total income also fell by 7.55 per cent to Rs 7,606.31 crore for the fourth quarter as against Rs 8,227.93 crore a year earlier.
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