Hero MotoCorp is currently trading at Rs. 3115.00, up by 16.45 points or 0.53 % from its previous closing of Rs. 3098.55 on the BSE.
The scrip opened at Rs. 3089.90 and has touched a high and low of Rs. 3122.15 and Rs. 3085.60 respectively. So far 14008 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3144.00 on 23-Oct-2014 and a 52 week low of Rs. 1907.00 on 21-Feb-2014.
Last one week high and low of the scrip stood at Rs. 3108.00 and Rs. 2950.00 respectively. The current market cap of the company is Rs. 61915.11 crore.
The promoters holding in the company stood at 39.92 % while Institutions and Non-Institutions held 42.77 % and 17.31 % respectively.
Labour unrest is brewing at Hero MotoCorp’s production facility at Haridwar, Uttarakhand. But the state labour department is trying to resolve the issue by holding talks with these workers and the management. Notably, Labor incident at Hero’s Haridwar unit is the latest in the series of labour strikes witnessed by the automobile industry.
Back in August 2013, workers at the Haridwar plant had stopped working to demand the reinstatement of a permanent employee who had been suspended by the company. While, the management resolved the issue, it suspended 38 workers for taking part in the strike. Later, 11 of the suspended employees were taken back, but 27 workers remain suspended, which is the root cause of the current strike.
The Haridwar unit is Hero MotoCorp’s largest facility and it produces best-selling bikes such as the Splendor and Passion. The company employs about 5,000 workers at Haridwar, 600 of whom are on the company’s payrolls.
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.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9576.10 |
| Hero MotoCorp | 4963.35 |
| TVS Motor | 3492.15 |
| Eicher Motors | 7108.65 |
| Ather Energy | 882.45 |
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