Hero MotoCorp declines after announcing Q3 results

Hero MotoCorp fell 1.68% to Rs 2,765 at 9:25 IST on BSE after net profit rose 11.11% to Rs 582.98 crore on 0.56% decline in total income to Rs 6932.85 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced after market hours yesterday, 3 February 2015.

Meanwhile, the BSE Sensex was up 65.75 points, or 0.23%, to 29,065.89.

On BSE, so far 11,222 shares were traded in the counter, compared with an average volume of 30,430 shares in the past one quarter.

The stock of motorcycle manufacturer hit a high of Rs 2,785 and a low of Rs 2,753.85 so far during the day. The stock hit a record high of Rs 3,271.80 on 1 December 2014. The stock hit a 52-week low of Rs 1,907 on 21 February 2014.

Hero MotoCorp on 2 February 2015, reported 0.4% fall in sales to 5.58 lakh units in January 2015 over January 2014. The despatches were severely impacted during the two-day long transporters' strike during January 2015, Hero MotoCorp said.

Meanwhile, PSU OMCs cut petrol prices for the tenth time since August by Rs 2.42 to Rs 58.91 per litre in Delhi, while diesel prices cut by Rs 2.21 to Rs 46.01. The revised prices will take effect from 4 February 2015.

Powered by Capital Market - Live News