Hero MotoCorp jumps 5 pc on bourses on smart Q2 earnings

Hero MotoCorp jumps 5 pc on bourses on smart Q2 earnings

Boosted by the strong results declared after the market close yesterday, the scrip jumped 4.99 per cent to a high of Rs 2,084 on the BSE. Hero MotoCorp was also the top Sensex gainer during morning trade.

On the National Stock Exchange, the scrip climbed 5 per cent to Rs 2,086.25.

The company had posted a net profit of Rs 505.60 crore for the corresponding period last year.

Hero MotoCorp's previous highest quarterly net profit was Rs 597.14 crore, recorded in the July-September period of 2009-10.

The surge in the counter was in tandem with the positive trend in the broader market, with the BSE benchmark Sensex trading 174.56 points higher at 16,922.85 at 1020 hours.

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