The stock pared all its gains and slipped into the negative to touch a low of Rs 1,595 . The scrip finally ended flat at Rs 1,606. The counter clocked volumes of 102,814 shares as compared to the two-week daily average traded volumes of 44,875 shares on the BSE.
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(Updated at 1007hrs)
Hero Honda is up 2% on the back of a sharp surge in net profit for FY10.
The stock opened at Rs 1,613 and then zoomed to a high of Rs 1,646, up 2% from the previous close. The counter has clocked volumes of 11,193 shares as compared to 44,875 shares on the BSE.
The company reported a 95% surge in net profit to Rs 597.14 crore for the second quarter ending September 30, 2009.
Total sales for July also saw an increase, up 26.8% to Rs 4,040.1 crore.
Click here to read more: Hero Honda net profit surges 95%
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