Hero MotoCorp is currently trading at Rs. 1950.00, up by 22.85 points or 1.19% from its previous closing of Rs. 1927.15 on the BSE.
The scrip opened at Rs. 1933.00 and has touched a high and low of Rs. 1982.00 and Rs. 1933.00 respectively. So far 10828 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2088.00 on 02-Sep-2013 and a 52 week low of Rs. 1434.05 on 15-Apr-2013.
Last one week high and low of the scrip stood at Rs. 2088.00 and Rs. 1879.00 respectively. The current market cap of the company is Rs. 38998.97 crore.
The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 39.11% and 8.68% respectively.
The Hero Group would soon create three-four large business units, which will be on the lines of Hero MotoCorp, which contributes the largest chunk of revenue to the group. To this development, the group has launched Hero Future Energies, a company focused on renewable energy. The company, which would initially have wind and solar projects, is being lead by Rahul Munjal, who also heads the group’s company, Easy Bill.
Hero Future Energies, registered in October 2012, has already commissioned a 37.5-Mw pilot wind project in Rajasthan. This fiscal, the company plans to develop 100 Mw of wind and solar power and 1 Mw of roof-top solar power.
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.
