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Despite muted Q1 results, Hero MotoCorp share gains ground; what's next?
Tanmay Tiwary New Delhi
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Hero MotoCorp share price, Q1 results: The world's largest two-wheeler manufacturer Hero MotoCorp shares were in focus on Wednesday, defying broader market weakness despite a lacklustre Q1 performance. The stock rose as much as 2.29 per cent to hit an intraday high of ₹4,577.40.
Around 10:00 AM, Hero MotoCorp share was trading 1.46 per cent higher at ₹4,540, even as the BSE Sensex slipped 0.29 per cent to 80,306.90.
Q1 results: Muted but steady
Hero MotoCorp reported a muted performance for the first quarter, with its standalone net profit rising marginally by 0.3 per cent year-on-year (Y-o-Y) to ₹1,126 crore
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