- Shares of Hero MotoCorp continue to gain traction, despite weak market sentiment, buoyed by the company’s strong Q4 results.
- The share price opened at ₹4631.90, a slight increase from its previous close of ₹4624.35, and soon rose 6.4 per cent to ₹4,919.85 on the BSE.
- By 10:15 am, Hero MotoCorp shares were trading 5.59 per cent higher at ₹4,883 each, even as the benchmark Sensex was down by half a per cent at 73,107.
Hero MotoCorp shares continue their upward trajectory, defying weak market trends, following the company’s robust Q4 results.
Hero MotoCorp Shares Defy Market Trends
Despite the overall weak sentiment in the market, shares of Hero MotoCorp have been witnessing strong traction for the second consecutive session. This surge is primarily driven by the company’s healthy Q4 results. The share price opened at ₹4631.90, a slight increase from its previous close of ₹4624.35, and soon rose 6.4 per cent to ₹4,919.85 on the BSE.
Strong Performance Amid Weak Market
At around 10:15 am, Hero MotoCorp shares were trading 5.59 per cent higher at ₹4,883 each. This performance is noteworthy, especially considering that the equity benchmark Sensex was down by half a per cent at 73,107 at that time. The company’s strong performance, despite the weak market conditions, underscores its robust financial health and investor confidence.
Conclusion
In conclusion, Hero MotoCorp’s shares continue to perform well, defying weak market trends. This strong performance is largely attributed to the company’s robust Q4 results. Going forward, investors will be keenly watching the company’s performance in the coming quarters.
