Hero MotoCorp gains after hiking price of electric scooter ‘VIDA V1 Pro’

Hero MotoCorp is currently trading at Rs. 2900.45, up by 31.40 points or 1.09% from its previous closing of Rs. 2869.05 on the BSE.

hero motocorp launches special edition of splendor report
Hero MotoCorp

The scrip opened at Rs. 2867.00 and has touched a high and low of Rs. 2910.65 and Rs. 2860.10 respectively. So far 7417 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 2920.00 and Rs. 2738.05 respectively. The current market cap of the company is Rs. 58052.00 crore.

The promoters holding in the company stood at 34.77%, while Institutions and Non-Institutions held 54.87% and 10.36% respectively.

Hero MotoCorp has increased price of its electric scooter VIDA V1 Pro by around Rs 6,000 in order to offset the impact of curtailed subsidy structure on electric two-wheelers coming into effect from June 1. The company’s flagship electric scooter VIDA V1 Pro will now be available at Rs 1,45,900 including FAME II subsidy and portable charger.

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