Hero MotoCorp reverses intraday gains in volatile trade

Hero MotoCorp shed 0.23% to Rs 2,810.35 at 12:12 IST on BSE after the company's board of directors approved and declared an interim dividend of Rs 40 per share for the year ending 31 March 2016.

The announcement was made during trading hours today, 10 March 2016. The stock offers a dividend yield of 1.41% based on its closing price of Rs 2,816.95 on the BSE yesterday, 9 March 2016.

Meanwhile, the BSE Sensex was down 232.94 points, or 0.94%, to 24,561.02

On BSE, so far 32,166 shares were traded in the counter, compared with an average volume of 31,597 shares in the past one quarter. The stock rose as much as 1.12% at the day's high of Rs 2,848.50 so far during the day. The stock fell as much as 0.68% at the day's low of Rs 2,797.75 so far during the day. The stock hit a 52-week high of Rs 2,857.35 on 2 March 2016. The stock hit a 52-week low of Rs 2,252 on 8 May 2015.

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

On 1 March 2016, Hero MotoCorp said the company's total two-wheeler sales rose 13.6% to 5.50 lakh units in February 2016 over February 2015.

Hero MotoCorp's net profit rose 36.5% to Rs 795.81 crore on 5.6% increase in net sales to Rs 7174.16 crore in Q3 December 2015 over Q3 December 2014.

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

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