Hero MotoCorp Ltd Share Price – NSE  /  BSE

Automobile, Mid Cap

Hero MotoCorp will hold a meeting of the Board of Directors of the Company on 8 May 2024.

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Hero MotoCorp announced the resignation of Dr. Arun Jaura, Chief Technology Officer of the company with effect from 30 April 2024.

The company further announced that Vikram Kasbekar, in addition to his existing role as Head of Global Product Planning, will assume the responsibility of leading the R&D function.

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Building on its commitment to Nepal, Hero MotoCorp along with its authorized distributor CG Motors, has announced its aggressive business plans and inaugurated a product assembly facility in the country.

Hero MotoCorp launched four of its globally popular products – Xpulse 200 4V, Super Splendor, Splendor+ motorcycles and Xoom 110 scooter. The four products will be assembled locally at the new state-of-the-art assembly facility located in CG Industrial Park in Nawalparasi.

The facility will have a capacity of 75,000 units per annum and will bring new investments and create job opportunities in the region. CG Motors will be rapidly expanding the sales and service network across Nepal to cater to the growing customer base.

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Hero MotoCorp Ltd fell for a fifth straight session today. The stock is quoting at Rs 4299.8, down 1.86% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.8% on the day, quoting at 22093.55. The Sensex is at 72723.77, down 0.92%.Hero MotoCorp Ltd has eased around 5.59% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has increased around 5.73% in last one month and is currently quoting at 21680.3, down 0.29% on the day. The volume in the stock stood at 4.23 lakh shares today, compared to the daily average of 7.13 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 4305.35, down 2.08% on the day. Hero MotoCorp Ltd jumped 74.37% in last one year as compared to a 24.77% rally in NIFTY and a 66.34% spurt in the Nifty Auto index.

The PE of the stock is 22.28 based on TTM earnings ending December 23.

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