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Hero MotoCorp rises on plan to expand its manufacturing operations to Latin America and Bangladesh

21 Apr 2014 Evaluate

Hero MotoCorp is currently trading at Rs. 2224.55, up by 6.85 points or 0.31% from its previous closing of Rs. 2217.70 on the BSE.

The scrip opened at Rs. 2219.00 and has touched a high and low of Rs. 2236.30 and Rs. 2211.90 respectively. So far 1604 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2320.00 on 07-Apr-2014 and a 52 week low of Rs. 1451.15 on 18-Apr-2013.

Last one week high and low of the scrip stood at Rs. 2244.80 and Rs. 2124.00 respectively. The current market cap of the company is Rs. 44378.55 crore.

The promoters holding in the company stood at 39.92% while Institutions and Non-Institutions held 38.83% and 21.25% respectively.

Hero MotoCorp is planning to expand its manufacturing operations to Latin America and a market closer home. In this regard, the company will set up a full-fledged manufacturing plant each in Colombia and Bangladesh. The company will spend more than $150 million for the same, including on building its brand.

Moreover, the company has completed all formalities for setting up a manufacturing plant in Colombia and is in the process of incorporating a subsidiary in that country. In Bangladesh, it is likely considering a joint venture plant.

Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Hero MotoCorp Share Price

5282.90 53.65 (1.03%)
20-Apr-2026 13:17 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9827.00
Hero MotoCorp 5282.90
TVS Motor 3774.00
Eicher Motors 7247.25
Ather Energy 900.05
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