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Following an almost 76 percent rise in the stock in the last 1 year, domestic brokerage house Axis Securities has picked auto major Hero MotoCorp as its top pick of the week . ....
Shares of Hero MotoCorp shed about a per cent to Rs 4,631.90, on Wednesday, commanding a total market capitalization of more than Rs 93,000 crore. ....
On the margin front, EBITDA rose by 2.5 percent or 250 basis points to 14 percent from 11.5 percent in the same period last year “aided by commodity costs, leap savings, premiumisation and judicious price changes”. ....
Hero MotoCorp s shares rose 3.8% to touch a new all-time high of ₹4,760 apiece after the company posted healthy sales figures for January. The stock finished nine out of the last ten months in positive territory, with November standing as the highest monthly gain of 23.66%. ....