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Hero MotoCorp gains on becoming Title Partner of Hero Open

  • bitnet infotech
  • July 15, 2020
  • 9:44 am

Hero MotoCorp is currently trading at Rs. 2635.00, up by 23.85 points or 0.91% from its previous closing of Rs. 2611.15 on the BSE.

The scrip opened at Rs. 2615.00 and has touched a high and low of Rs. 2649.00 and Rs. 2609.00 respectively. So far 10414 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.15 on 23-Sep-2019 and a 52 week low of Rs. 1475.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2734.60 and Rs. 2603.70 respectively. The current market cap of the company is Rs. 52698.68 crore.

The promoters holding in the company stood at 34.77%, while Institutions and Non-Institutions held 54.43% and 10.80% respectively.

Hero MotoCorp has been announced as the Title Partner of the Hero Open – the second of six events in the European Tour’s new UK Swing. Originally announced as the English Open, the newly named Hero Open takes place at the Marriott Forest of Arden, Birmingham, England from July 30 – August 2.

The announcement further strengthens the relationship between the European Tour and the company, with the latter recently having announced an extension to its commitment to the Hero Challenge until 2022, a unique concept which sees European Tour stars go head-to-head in an innovative shootout under lights in iconic locations across the globe. Following changes to the 2020 Race to Dubai schedule which means some scheduled Hero Challenges will not go ahead as planned, the company continue to build on their relationship with the European Tour by supporting the UK Swing.

Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.

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