Monday, August 8, 2016

HERO MOTOCORP BEATS ESTIMATES, STOCK UP 2 PERCENT

Hero Motocorp has posted a net profit after tax of Rs. 883 cr for the quarter ended June 30, 2016 as compared to Rs. 747 cr for the quarter ended June 30, 2015. 

The total income has increased from Rs. 7539 cr for the quarter ended June 30, 2015 to Rs. 8131 cr for the quarter ended June 30, 2016.

The figures were more than what the analysts were expecting.

The stock gained 2 % and trading above Rs 3500 as of now.

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