Hero MotoCorp recovers after recent slide

Hero MotoCorp rose 0.44% to Rs 2446.25 at 14:47 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was down 303.15 points or 1.19% at 25,069.60.

On BSE, so far 19,000 shares were traded in the counter as against average daily volume of 73,598 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.23% at the day's high of Rs 2,490 so far during the day. The stock lost as much as 1.54% at the day's low of Rs 2,397.95 so far during the day. The stock hit a record high of Rs 2,775.05 on 16 May 2014. The stock hit a 52-week low of Rs 1,640.25 on 10 July 2013.

The stock had underperformed the market over the past one month till 10 July 2014, sliding 8.53% compared with Sensex's 0.82% fall. The scrip had, however, outperformed the market in past one quarter, jumping 10.45% as against Sensex's 11.7% rise.

The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Shares of Hero MotoCorp had declined 6.83% in three trading sessions to settle at Rs 2,435.55 on Thursday, 10 July 2014, from a recent high of Rs 2,614.25 on 7 July 2014.

Hero MotoCorp's net profit declined 3.4% to Rs 554.43 crore on 6.3% growth in net sales to Rs 6455.70 crore in Q4 March 2014 over Q4 March 2013.

Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.

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