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Hero MotoCorp shines on launching Xtreme 200S with BS-VI compliant engine

11 Nov 2020 Evaluate

Hero MotoCorp is currently trading at Rs. 3026.45, up by 74.50 points or 2.52% from its previous closing of Rs. 2951.95 on the BSE.

The scrip opened at Rs. 2975.85 and has touched a high and low of Rs. 3050.00 and Rs. 2958.65 respectively. So far 21162 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3393.85 on 16-Oct-2020 and a 52 week low of Rs. 1475.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3050.00 and Rs. 2924.00 respectively. The current market cap of the company is Rs. 58970.40 crore.

The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.14% and 9.10% respectively.

Hero MotoCorp has launched the Xtreme 200S with BS-VI compliant engine priced at Rs 1.15 lakh (ex-showroom Delhi). The 200-cc model comes with complimentary roadside assistance (RSA), valid for one year.

The new Xtreme 200S showcases the company’s focused approach to the premium segment. Its premium products like the Xtreme 160R and XPulse 200 BS-VI are receiving an overwhelming response from the customers. The company's horizontal strategy catering to all customer categories has worked really well and has allowed it to grow its market share in the premium motorcycle segment.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Peers
Company Name CMP
Bajaj Auto 11042.95
TVS Motor Company 4061.95
Hero MotoCorp 5378.00
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OLA Electric Mobilit 37.88
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