The scrip has given an almost 64 % return within the final 12 months
Shares of Hero Motocorp Restricted traded 3.15 % larger to Rs 4,540 in afternoon commerce on January 23 after the corporate introduced the launch of two new bikes, the Xtreme 125R and a particular collector’s version named ‘Hero Perpetually’, CNBC TV-18 reported.
The brand new Xtreme 125R is obtainable at Hero MotoCorp dealerships in two variants, priced at Rs. 95,000 for IBS and Rs. 99,500 for ABS.
The corporate additionally unveiled the Maverick 440 at its Centre of Innovation and Expertise (CIT) in Jaipur. The corporate has mentioned that the brand new bike will likely be accessible in its flagship showrooms.
At 1:40 pm, the inventory was buying and selling at Rs 4,530, up 2.9 % from the earlier shut on the NSE. The scrip has given an almost 64 % return within the final 12 months, beating the Nifty comfortably.
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Not simply the brand new launches, however the sentiment for the inventory additionally comes on the again of a brand new facility for assembling merchandise in Nepal in partnership with CG Motors.
The 2-wheeler main is about to determine a producing facility in Nawalpur district with an annual capability of 75,000 items. Hero goals to begin operations on the facility in March 2024. Hero MotoCorp entered the Nepalese market in 2014 and has since develop into a distinguished participant within the nation.
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