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Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
The company’s net profit for first quarter ended June 30, 2014 has increased marginally by 2.58% at Rs 562.76 crore as compared to Rs 548.58 crore for the quarter ended June 30, 2013. Its total income rose 14% to Rs 7149.59 crore for the quarter under review from Rs 6271.78 crore for the corresponding quarter of the previous year.
The promoters holding in the company stood at 39.92%, while Institutions and Non-Institutions held 41.96% and 18.12% respectively.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2775.05 on 16-May-2014 and a 52 week low of Rs. 1815.10 on 08-Aug-2013.
Last one week high and low of the scrip stood at Rs. 2625.00 and Rs. 2525.00 respectively. The current market cap of the company is Rs. 51,771.00 crore.
The scrip opened at Rs. 2525.00 and has touched a high and low of Rs. 2606.05 and Rs. 2525.00 respectively. So far 4,39,000 shares were traded on the counter.
Hero MotoCorp is currently trading at Rs. 2596.00, up by 11.80 points or 0.46% from its previous closing of Rs. 2584.20 on the BSE.
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