Hero MotoCorp Down 2% Post Jul-Sep Revenue

Hero MotoCorp was down 2% as of late as its September quarter net revenue at Rs 10.1 billion got here flat and fell short of market expectation of Rs 10.4 billion.

However, Hero MotoCorp stated that the first half of of 2017-18 (Apr-Mar) has been thrilling with the trade rebounding within the festive quarter, and with new product launches. the company brought that it's confident of robust increase in Oct-Mar.

Hero MotoCorp Ltd is at present trading at Rs 3750, down by means of Rs 66.45 or 1.74% from its previous closing of Rs 3816.45 on the BSE.

The scrip opened at Rs 3745.05 and has touched a excessive and low of Rs 3803.05 and Rs 3745.05 respectively. up to now 138586(NSE+BSE) shares have been traded on the counter. the present market cap of the corporate is Rs 76217.19 crore.

Hero Moto Corp is the arena’s best two-wheeler manufacturing company. It enjoys market share of 37% in domestic two-wheeler industry and 51% market share in home bike market in FY17.   

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