Hero MotoCorp Jumps 5 pc on Bourses on smart Q2 Earnings
Mumbai:Shares of two-wheeler maker Hero MotoCorp surged by 5 per cent in early trade on the bourses after the company reported its highest ever quarterly net profit of 
603.62 crore for the second quarter, a 19.39 per cent jump vis-a-vis the year-ago period.
Boosted by the strong results declared after the market close yesterday, the scrip jumped 4.99 per cent to a high of 2,084 on the BSE. Hero MotoCorp was also the top Sensex gainer during morning trade.
On the National Stock Exchange, the scrip climbed 5 per cent to 2,086.25.
The company had posted a net profit of Rs 505.60 crore for the corresponding period last year.
Hero MotoCorp's previous highest quarterly net profit was 597.14 crore, recorded in the July-September period of 2009-10.
The surge in the counter was in tandem with the positive trend in the broader market, with the BSE benchmark Sensex trading 174.56 points higher at 16,922.85 at 1020 hours.
Source: PTI
603.62 crore for the second quarter, a 19.39 per cent jump vis-a-vis the year-ago period.
Boosted by the strong results declared after the market close yesterday, the scrip jumped 4.99 per cent to a high of 2,084 on the BSE. Hero MotoCorp was also the top Sensex gainer during morning trade.
On the National Stock Exchange, the scrip climbed 5 per cent to 2,086.25.
The company had posted a net profit of Rs 505.60 crore for the corresponding period last year.
Hero MotoCorp's previous highest quarterly net profit was 597.14 crore, recorded in the July-September period of 2009-10.
The surge in the counter was in tandem with the positive trend in the broader market, with the BSE benchmark Sensex trading 174.56 points higher at 16,922.85 at 1020 hours.
