Hero MotoCorp was up 1.13% to Rs 3,341.20 at 12:20 IST on BSE after the company's promoter group entities have realigned their holding in the company via bulk deal mechanism on the NSE yesterday, 11 August 2016.
Meanwhile, the S&P BSE Sensex was up 246.42 points or 0.88% at 28,106.02.
On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 27,739 shares in the past one quarter. The stock hit a high of Rs 3,364.85 and a low of Rs 3,306.40 so far during the day. The stock had hit a record high of Rs 3,553.55 on 8 August 2016. The stock had hit a 52-week low of Rs 2,259.10 on 7 September 2015. The stock had outperformed the market over the past one month till 11 August 2016, gaining 2.08% compared with 0.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 11.59% as against Sensex's 8.84% rise.
The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Brij Mohan Lal Om Prakash sold 57.54 lakh shares of Hero MotoCorp (HMCL) at an average price of Rs 3,319 per share in a bulk deal on the NSE yesterday, 11 August 2016. Two other promoter group entities were the buyers in the bulk deal. Bahadur Chand Investments bought 48.80 lakh shares at Rs 3,319 per share and Hero Investcorp bought 8.73 lakh shares at Rs 3,319 per share.
The total holding of promoters in HMCL stood at 34.64% as on 30 June 2016.
Hero MotoCorp's net profit rose 18.1% to Rs 883.10 crore on 7.1% growth in net sales to Rs 7289.59 crore in Q1 June 2016 over Q1 June 2015.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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