Hero MotoCorp shares drop 4% post Q1 results
The Hero MotoCorp stock hit a low of ₹5,017 on the BSE, taking the company’s market cap to around ₹1 lakh crore.
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Hero MotoCorp to hike prices from Dec 1; stock surges 2%
Hero MotoCorp has attributed overall inflationary costs as the reason for increasing vehicle prices. The exact quantum of increase will vary by specific models and markets.
Hero MotoCorp to hike motorcycle, scooter prices by up to Rs 3,000
Hero MotoCorp says the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices.
I-T Dept uncovers ₹1,000 cr false expense claims by Hero MotoCorp
Following the report, Hero MotoCorp shares dipped more than 7% on Tuesday hitting an intraday low of ₹2,155, before closing at ₹2,208.35.
I-T raids Hero MotoCorp, Pawan Munjal residence for ‘tax evasion’
Officials of the Income Tax Department are looking at financial documents and other business transactions of Hero MotoCorp and its promoters.
