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Hero MotoCorp strengthens on plan to develop Gujarat plant into an export hub

19 Aug 2015 Evaluate

Hero MotoCorp is currently trading at Rs. 2688.25, up by 46.40 points or 1.76% from its previous closing of Rs. 2641.85 on the BSE.

The scrip opened at Rs. 2645.00 and has touched a high and low of Rs. 2688.25 and Rs. 2617.35 respectively. So far 12851 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3271.80 on 01-Dec-2014 and a 52 week low of Rs. 2252.00 on 08-May-2015.

Last one week high and low of the scrip stood at Rs. 2722.00 and Rs. 2612.25 respectively. The current market cap of the company is Rs. 53507.26 crore.

The promoters holding in the company stood at 34.64 % while Institutions and Non-Institutions held 51.89 % and 13.47 % respectively.

Hero MotoCorp (HMCL) has decided to develop its Halol plant in Gujarat into an export hub. The Halol plant will not only help support the western market more efficiently, it will help the company reach global destinations faster, since it is within close proximity of ports. By the year 2020, the company aim to surpass 100 million units in cumulative production with annual bike and scooter sales of 12 million units. The company is also planning to have more than 20 manufacturing and assembly plants globally with sales in more than 50 countries by that year.

Hero MotoCorp is the world’s single largest two-wheeler motorcycle company. 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

4817.70 -78.85 (-1.61%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
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Hero MotoCorp 4817.70
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