Shares of Hero MotoCorp rose nearly 3 per cent on the Bombay Stock Exchange even after the country's biggest two-wheeler maker reported a 14 percent decline in profit at Rs 717.75 crore for the fourth quarter ended March 31, 2017, against Rs 833.29 crore in FY16, weighed down by BS III discounts. In line with benchmark indices, shares of the company gained as much as 2.91 per cent to hit an intra-day high of Rs 3,419.35 apiece on the Bombay Stock Exchange. The script was currently trading at Rs 3,375.05 against the previous close price of Rs 3,322.40.
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Shares of Hero MotoCorp rose nearly 3 per cent on the Bombay Stock Exchange even after the country's biggest two-wheeler maker reported a 14 percent decline in profit at Rs 717.75 crore for the fourth quarter ended March 31, 2017, against Rs 833.29 crore in FY16, weighed down by BS III discounts. In line with benchmark indices, shares of the company gained as much as 2.91 per cent to hit an intra-day high of Rs 3,419.35 apiece on the Bombay Stock Exchange. The script was currently trading at Rs 3,375.05 against the previous close price of Rs 3,322.40.
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