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Hero MotoCorp Ltd

HEROMOTOCO

Hero MotoCorp Ltd

HEROMOTOCO
Consumer DiscretionaryTwo Wheelers
LargecapWith a market cap of ₹1,20,253 cr, stock is ranked 82
Low RiskStock is 1.92x as volatile as Nifty
6,013.250.12% (+7.20)
6,013.250.12% (+7.20)

Price Chart

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1D
1W
1M
1Y
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Max
SIP
Consumer DiscretionaryTwo Wheelers
LargecapWith a market cap of ₹1,20,253 cr, stock is ranked 82
Low RiskStock is 1.92x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Bad

The stock is overpriced and in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryTwo Wheelers
LargecapWith a market cap of ₹1,20,253 cr, stock is ranked 82
Low RiskStock is 1.92x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
29.476.742.33%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
44.017.410.45%

Forecast & Ratings

Detailed Forecast 
69%
Analysts have suggested that investors can buy this stock

from 36 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Hero MotoCorp Limited is a two-wheeler manufacturer. The Company manufactures and sells motorized two wheelers up to 350 cubic centimeters (cc) engine capacity, spare parts and related services.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 2.17%, vs industry avg of 7.38%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 39.73% to 29.64%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 1.69%, vs industry avg of 7.85%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue28,904.2829,449.3933,031.2034,718.3130,756.6431,517.0930,106.2934,730.5038,643.1640,051.02
Raw Materialssubtract19,357.9619,019.3421,995.9423,503.4620,004.2921,999.1820,891.6924,107.7225,321.0933,677.83
Power & Fuel Costsubtract122.20112.84139.84158.12132.96113.89109.72114.56120.18
Employee Costsubtract1,339.461,432.491,583.711,778.031,889.321,951.021,995.782,250.052,631.54
Selling & Administrative Expensessubtract2,083.712,097.442,180.622,183.541,787.871,699.601,835.462,007.042,201.66
Operating & Other expensessubtract1,156.091,372.351,233.211,329.241,438.721,142.551,472.911,585.242,444.76
Depreciation/Amortizationsubtract443.25502.25574.98624.44845.76715.12689.52697.39757.36783.06
Interest & Other Itemssubtract14.6127.2830.8037.1846.6446.4153.10104.8876.3774.21
Taxes & Other Itemssubtract1,245.021,301.131,571.701,660.21972.97931.57741.231,053.661,345.371,435.30
EPS157.34179.49186.30172.45182.15146.06115.97140.63187.35204.11
DPS72.0085.0095.0087.0090.00105.0095.00100.00140.00135.00
Payout ratio0.460.470.510.500.490.720.820.710.750.66

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2019

Annual Report Unavailable

Investor Presentation

Sep 17PDF
Aug 3PDF
FY 2023

Annual report

PDF

Investor Presentation

Oct 7PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTwo Wheelers

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Hero MotoCorp Ltd32.116.742.33%
Bajaj Auto Ltd43.2611.510.67%
TVS Motor Company Ltd79.3217.810.28%
Ola Electric Mobility Ltd-30.9024.24

Price Comparison

Compare HEROMOTOCO with any stock or ETF
Compare HEROMOTOCO with any stock or ETF
HEROMOTOCO
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding34.76%13.75%13.13%29.87%8.49%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun27.00%28.10%26.80%28.34%28.93%29.87%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Hero MotoCorp Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
ICICI Prudential Bluechip Fund - Growth - Direct Plan

Growth
1.2375%2.37%-0.03%42/82 (0)
Kotak Flexicap Fund - Growth - Direct Plan

Growth
0.8176%1.85%-0.00%21/62 (-1)
Kotak Multicap Fund - Growth - Direct Plan

Growth
0.4728%3.91%-0.49%41/73 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

HEROMOTOCO has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 2.35%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹23.46 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 1, 2024

Final
Final | Div/Share: ₹40.00

Dividend/Share

40.00

Ex DateEx Date

Aug 1, 2024

Cash Dividend

Ex DateEx DateFeb 21, 2024

Special
Special | Div/Share: ₹25.00

Dividend/Share

25.00

Ex DateEx Date

Feb 21, 2024

Cash Dividend

Ex DateEx DateFeb 21, 2024

Interim
Interim | Div/Share: ₹75.00

Dividend/Share

75.00

Ex DateEx Date

Feb 21, 2024

Cash Dividend

Ex DateEx DateJul 27, 2023

Final
Final | Div/Share: ₹35.00

Dividend/Share

35.00

Ex DateEx Date

Jul 27, 2023

Cash Dividend

Ex DateEx DateFeb 17, 2023

Interim
Interim | Div/Share: ₹65.00

Dividend/Share

65.00

Ex DateEx Date

Feb 17, 2023

News & Opinions
Spotlight
Hero MotoCorp Ltd spurts 0.16%, up for five straight sessions

Hero MotoCorp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5655.8, up 0.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.57% on the day, quoting at 25136.35. The Sensex is at 82165.57, down 0.47%. Hero MotoCorp Ltd has gained around 9.1% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has gained around 4.52% in last one month and is currently quoting at 26034.65, down 0.81% on the day. The volume in the stock stood at 2.92 lakh shares today, compared to the daily average of 7.73 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5671.45, up 0.13% on the day. Hero MotoCorp Ltd is up 92.68% in last one year as compared to a 28.41% jump in NIFTY and a 61.97% jump in the Nifty Auto index.The PE of the stock is 26.48 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Hero MotoCorp sells 5.12 lakh units in month of Aug'24

Hero MotoCorp dispatched 512,360 units of motorcycles and scooters in August 2024. Domestic sales during the month stood at 492,263 units. Month sales were marginally impacted by supply shortages, which will be made up in September. Hero MotoCorp registered a month-on-month growth of 38% in its overall dispatch volumes and has sold 24,17,790 units in FY'25 (Apr-Aug), a growth of 8% over the corresponding period of FY'24. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Hero MotoCorp gains total sales rises 5% YoY in August

While the company's motorcycles sales grew by 5.76% to 478,215 units, scooters sales declined 6.53% to 34,145 units in August 2024 over August 2023. During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 492,263 units (up 4.08% YoY) while exports of the same was at 20,097units (up 27.44% YoY). Hero MotoCorp is engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services. The company is a leading two wheeler manufacturer and has a dominant presence in domestic market. The two-wheeler major's standalone net profit increased 36.12% to Rs 1,122.63 crore on 15.7% rise in revenue from operations to Rs 10,143.73 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Hero MotoCorp Ltd spurts 1.66%, up for fifth straight session

Hero MotoCorp Ltd is up for a fifth straight session today. The stock is quoting at Rs 5372.6, up 1.66% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Hero MotoCorp Ltd has slipped around 2.56% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has slipped around 1.2% in last one month and is currently quoting at 25586.75, up 0.15% on the day. The volume in the stock stood at 3.89 lakh shares today, compared to the daily average of 6.86 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 5385.05, up 1.63% on the day. Hero MotoCorp Ltd is up 82.01% in last one year as compared to a 27.67% jump in NIFTY and a 65.34% jump in the Nifty Auto index.The PE of the stock is 24.77 based on TTM earnings ending June 24.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Hero MotoCorp Ltd soars 1.33%, rises for third straight session

Hero MotoCorp Ltd rose for a third straight session today. The stock is quoting at Rs 5258, up 1.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Hero MotoCorp Ltd has dropped around 3.76% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has dropped around 0.78% in last one month and is currently quoting at 25368.75, up 0.32% on the day. The volume in the stock stood at 7.11 lakh shares today, compared to the daily average of 6.63 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 5268.3, up 1.54% on the day. Hero MotoCorp Ltd is up 79.36% in last one year as compared to a 27.43% gain in NIFTY and a 64.96% gain in the Nifty Auto index.The PE of the stock is 24.31 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Hero Moto PAT climbs 36% YoY to Rs 1,123 crore in Q1

Hero MotoCorp sold 15.35 lakh units of motorcycles and scooters in first quarter of FY25, up 13.45% from 13.53 lakh units sold in Q1 FY24. Profit before tax grew 36.41% year on year (YoY) to Rs 1,493.45 crore in the quarter ended 30 June 2024. Earnings before interest, tax, depreciation & amortization (EBITDA) improved to Rs 1,460 crore in June 2024 quarter, recording a growth of 21% YoY. The EBITDA margin expanded over the previous year and stood at 14.4%. Hero MotoCorp stated that it has witnessed positive trends across domestic, EV and global businesses during the quarter. The company also witnessed sequential improvement in retail sales (VAHAN). It expects the momentum to build up in the following quarters on account of positive customer sentiments, good monsoons and the upcoming festive season. The company has a slew of product launches planned in both ICE and EV categories. Niranjan Gupta, chief executive officer (CEO), Hero MotoCorp, said, We continue to be on the profitable growth journey, crossing Rs 10,000 crore revenue for the first time ever, accompanied by highest ever underlying PAT. As we surge forward, we are investing behind long term capability building to ensure sustained delivery of growth in future. We are seeing a sharp recovery in market share in 125 cc segment charged by the new model Xtreme 125 cc, while we continue to maintain formidable market share in entry and deluxe 100/110 cc segment of over 70% powered by our brands like Splendor, Passion, and HF deluxe. Our focus moving forward will be, building our brands in premium segment on the back of launches done in last few quarters, to win in this segment. We will be launching new models in scooters as well in next 2 qtrs, to re‐energise this portfolio. We have seen now our EV brand Vida starting to increase its presence and market share, and we will be expanding portfolio into affordable segment within this fiscal. The overall economic indicators in India are promising, and the inclusive policies as well as capital allocation to infra and rural sector announced in union budget is expected to bolster demand. With inflationary pressures easing, consumer spending power is set to rise, further driving momentum as we gear up for a big festive season ahead.' Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters. The scrip slipped 3.64% to Rs 5,049.95 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Barometers edge higher in early trade; breadth negative

The headline equity benchmarks trade near flatline with minor gains in early trade. The Nifty traded above the 24,100 level. IT and auto shares advanced while realty, FMCG and media shares declined. At 09:27 IST, the barometer index, the S&P BSE Sensex, was up 13.83 points or 0.02% to 78,969.86. The Nifty 50 index added 2.80 points or 0.01% to 24,141.80. In the broader market, the S&P BSE Mid-Cap index rose 0.03% and the S&P BSE Small-Cap index shed 0.25%. The market breadth was negative. On the BSE, 1,369 shares rose and 1,526 shares fell. A total of 128 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 2,107.17 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,239.96 crore in the Indian equity market on 13 August 2024, provisional data showed. The domestic market will remain closed on 15 August 2024, on account of Independence Day. Stocks in Spotlight: Hero MotoCorp declined 1.67%. The company's consolidated net profit climbed 36% to Rs 1,122.63 crore during the quarter as compared with Rs 824.72 crore in Q1 FY24. Revenue jumped 15.7% YoY to Rs 10,143.73 crore in Q1 FY25. NBCC (India) advanced 1.90% after the company's consolidated net profit jumped 38% to Rs 107.19 crore in Q1 FY25 as compared with Rs 77.41 crore posted in corresponding quarter last year. Revenue climbed 11.3% YoY to Rs 2,144.16 crore during the quarter. Apollo Hospitals Enterprise rose 0.59%. The company reported 82% increase in consolidated net profit to Rs 315.50 crore in Q1 FY25 as compared with Rs 173.40 crore in Q1 FY24. Revenue increased 15.1% YoY to Rs 5,085.60 crore in Q1 FY25. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.61% to 6.991 as compared with previous close 7.005. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9150, compared with its close of 83.9700 during the previous trading session. MCX Gold futures for 5 September 2024 settlement fell 0.15% to Rs 70,250. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies rose 0.09% to 102.65. The United States 10-year bond yield was flat at 3.857. In the commodities market, Brent crude for October 2024 settlement grew 46 cents or 0.57% to $81.15 a barrel. Global Markets: Most Asian stocks advanced on Wednesday, buoyed by Wall Street's rally following upbeat US inflation data. This strengthened expectations that the Federal Reserve could initiate monetary easing as early as September. New Zealand's dollar tumbled after the central bank unexpectedly cut interest rates by 25 basis points to 5.25%. Chinese equities declined as data revealed a contraction in bank loans to the real economy for the first time in 19 years. Investors are eagerly awaiting earnings results from Tencent Holdings and details of its planned share buyback. US stocks surged on Tuesday, nearing recent record highs, after a milder-than-expected producer price index (PPI) report. The Dow Jones Industrial Average gained 1.04%, the Nasdaq Composite jumped 2.43%, and the S&P 500 climbed 1.68%. The PPI, a measure of wholesale inflation, rose 0.1% last month. This data buoyed investor sentiment ahead of Wednesday's more closely watched consumer price index (CPI) report, which is expected to show a modest increase of 0.2% month-over-month.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Stock Alert: Hero Motocorp, Apollo Hospital Enterprise, NMDC steel, Nykaa, Piramal Enterprise

Securities in F&O ban: Aarti Industries, Aditya Birla Capital, Aditya Birla Fashion& Retail(ABFRL), Bandhan Bank, Biocon, Birlasoft, Chambal Fertilizers, Granules India, India Cements, IndiaMart Intermesh, LIC Housing Finance, Manappuram Finance, PNB, RBL Bank, SAIL, and Sun TV. Upcoming results :Capacite Infraprojects, EID-Parry (India), Entero Healthcare Solutions, Gabriel India, Glenmark Pharma, Hindustan Aeronautics, KIOCL, KNR Construction, Mazagon Dock Shipbuilders, Pitti Engineering, Red Tape, RHI Magnestia India, Reliance Power, Suprajit Engineering, Swan Energy and Tarsons Products, Voltas. Hero Motocorp's consolidated net profit climbed 36% to Rs 1,122.63 crore during the quarter as compared with Rs 824.72 crore in Q1 FY24. Revenue jumped 15.7% YoY to Rs 10,143.73 crore in Q1 FY25. Apollo Hospitals Enterprise reported 82% increase in consolidated net profit to Rs 315.50 crore in Q1 FY25 as compared with Rs 173.40 crore in Q1 FY24. Revenue increased 15.1% YoY to Rs 5,085.60 crore in Q1 FY25. NBCC 's consolidated net profit jumped 38% to Rs 107.19 crore in Q1 FY25 as compared with Rs 77.41 crore posted in corresponding quarter last year. Revenue climbed 11.3% YoY to Rs 2,144.16 crore during the quarter. NMDC Steel reported consolidated net loss of Rs 547 crore in Q1 FY25 as compared with net loss of Rs 861 crore in Q4 FY24. Revenue increased 9.6% QoQ to Rs 2,023 crore in the first quarter of FY25. Gujarat Narmada Valley Fertillizers Chemicals' consolidated net profit jumped 34.1% to Rs 118 crore on 22.3% increase in revenue to Rs 2,021 crore in Q1 FY25 over Q1 FY24. Texamco Rail & Engineering's consolidated net profit surged to Rs 70.44 crore in Q1 FY25 as compared with Rs 20.15 crore in Q1 FY24. Revenue increased 36% YoY to Rs 891.71 crore in Q1 FY25. Piramal Enterprises' consolidated net profit jumped 64% to Rs 181 crore during the quarter as compared with Rs 509 crore posted in corresponding quarter last year. Total income declined 26% YoY to Rs 2,145 crore in Q1 FY25. Total income fell on account of Rs 889 crore income from sale of Shriram Finance Stake in the first quarter of financial year ended March 2024. FSN E-commerce Ventures(Nykaa)'s consolidated net profit jumped 49% to Rs 13.6 crore in Q1 FY25 as compared with Rs 9.1 crore in Q1 FY24. Revenue increased 4.7% YoY to Rs 1,746.11 crore during the quarter. The company will buy 29% additional stake in Dot & Key for a total consideration of Rs 265 crore. Kewal Kiran Clothing's consolidated net profit declined 25.3% to Rs 25.3 core in Q1 FY25 as compared with Rs 33.9 crore in Q1 FY24. Revenue fell 15.2% to Rs 151.2 crore in Q1 FY25 from Rs 178.4 crore in Q1 FY24. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Hero MotoCorp consolidated net profit rises 47.29% in the June 2024 quarter

Net profit of Hero MotoCorp rose 47.29% to Rs 1045.89 crore in the quarter ended June 2024 as against Rs 710.10 crore during the previous quarter ended June 2023. Sales rose 15.36% to Rs 10210.79 crore in the quarter ended June 2024 as against Rs 8851.01 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales10210.798851.01 15 OPM %13.7812.62 - PBDT1613.101321.67 22 PBT1407.661141.93 23 NP1045.89710.10 47 Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Indices trade near flat line; Nifty fails to hold 24,300 level; Realty shares drops

The key domestic benchmarks traded near flat line with negative bias in morning trade. The Nifty slipped below the 24,300 level. Realty shares declined after rallying for two consecutive trading session. At 10:31 IST, the barometer index, the S&P BSE Sensex, was down 189.74 points or 0.06% to79,459.36. The Nifty 50 index declined 57.25 points or 0.24% to 24,289.75. In the broader market, the S&P BSE Mid-Cap index shed 0.13% and the S&P BSE Small-Cap index added 0.07%. The market breadth was negative. On the BSE, 1,738 shares rose and 1,847 shares fell. A total of 143 shares were unchanged. Results today: Hero MotoCorp(up 1.45%), Hindalco Industries(down .17%), Godrej Industries(down 0.34%), IRCTC(down 0.20%), FSN E-Commerce Ventures(donw 2.26%), SJVN(up 0.60%), Texmaco Rail and Engineering(up 1.93%), AllCargo Logistics(up 0.76%), Anupam Rasayan India(up 0.01%), Apollo Hospital Enterprise(up 1.40%), Ashoka Buildcon(down 0.43%), Astra Microwave Products(fone 1.89%), Dilip Buildcon(down 1.05%), Gujarat Fluorochemical(up 0.71%), Landmark Cars (down 0.14%), Nazara Technologies(up 0.37%). Economy India's CPI inflation in July 2024 stood at 3.54%, which is the lowest since August 2019, according to official data released on Monday, August 12. In the previous month of June 2024, India's retail inflation had stood at 5.08%. Meanwhile, India's IIP recorded a growth of 4.2% in June 2024. The factory output, measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4% in June 2023. IPO Listing : Shares of Brainbees Solutions (Firstcry) were currently trading at Rs 670.80 at 10:10 IST on the BSE, representing a premium of 44.26% as compared with the issue price of Rs 465. The scrip was listed at Rs 625, exhibiting a premium of 34.41% to the issue price. So far, the stock has hit a high of 707.05 and a low of 625. On the BSE, over 13.72 lakh shares of the company were traded in the counter so far. The issue opened for bidding on 6 August 2024 and it closed on 8 August 2024. The price band of the IPO was fixed at Rs 440 to 465 per share. It was subscribed 2.31 times. Shares of Unicommerce eSolutions were currently trading at Rs 222 at 10:16 IST on the BSE, representing a premium of 105.56% as compared with the issue price of Rs 108. The scrip was listed at Rs 230, exhibiting a significant premium of 112.96% to the issue price. So far, the stock has hit a high of 256.15 and a low of 215. On the BSE, over 38.44 lakh shares of the company were traded in the counter so far. The issue opened for bidding on 6 August 2024 and it closed on 8 August 2024. The price band of the IPO was fixed at Rs 102 to 108 per share. The issue was subscribed 168.39 times. Buzzing Index: The Nifty realty index declined 0.53% to 1,030.25. The index jumped 2.89% in the past two trading session. Oberoi Realty (down 3.4%), Mahindra Lifespace Developers (down 2.13%), Brigade Enterprises (down 2.09%), Prestige Estates Projects (down 0.81%), DLF (down 0.8%), Sobha (down 0.75%) and Sunteck Realty (down 0.53%) declined. Stocks in spotlight: Hindustan Copper gained 2.66% after its consolidated net profit surged 139.85% to Rs 113.40 crore in Q1 FY25 as compared with Rs 47.28 crore posted in Q1 FY24. Revenue from operations rose 33.07% YoY to Rs 493.60 crore in the quarter ended 30 June 2024. Inox Wind zoomed 9.02% after the company announced that it has bagged an order for 51 MW from Everrenew Energy, a leading player servicing commercial & industrial (C&I) customers. This is an equipment supply order for IWL's latest 3 MW wind turbine generators (WTGs). Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed in the state of Tamil Nadu. Doms Industries fell 1.72%. The company's consolidated net profit jumped 50% to Rs 54 crore during the quarter as compared with Rs 36 crore in Q1 FY24. Revenue stood at Rs 445 crore, up 17.41% as compared with Rs 379 crore in Q1 FY24.Powered by Capital Market - Live

1 month agoCapital Market - Live