Hero MotoCorp share price: Shrugging off weak market sentiment, shares of Hero MotoCorp continued witnessing strong traction for the second consecutive session on Thursday, May 9, buoyed by the company’s healthy March quarter (Q4) result.
Hero MotoCorp share price opened at ₹4631.90 against its previous close of ₹4624.35 and soon rose 6.4 per cent to the level of ₹4,919.85 on the BSE. Around 10:15 am, Hero MotoCorp share price traded 5.59 per cent higher at ₹4,883 apiece. Equity benchmark Sensex was half a per cent down at 73,107 at that time.
Hero MotoCorp Q4 result
On Wednesday, May 8, Hero MotoCorp reported an 18 per cent year-on-year (YoY) increase in its standalone net profit at ₹1,016 crore versus ₹858.93 crore reported by the company in the year-ago period. Standalone revenue from operations for the quarter jumped 14 per cent to ₹9,519 crore from ₹8,306.78 crore reported in the corresponding quarter of the last financial year.
The company said 13.92 lakh units of motorcycles and scooters were sold in Q4FY24, compared to 12.70 lakh units in Q4FY23. The total units sold for the entire financial year 2024 reached 56.21 lakh, up from 53.29 lakh units in FY23.
The stock closed 3.3 per cent higher after the Q4 result announcement on Wednesday.
A demat account functions similarly to a bank account or an online wallet, but instead of storing money, it holds your financial investments, such as bonds, equities, and mutual funds. To utilise this service, you need to open an online demat account with a registered broker. This digital approach facilitates easy trading without requiring manual paperwork.
Similar to verifying bank account transactions by checking the bank account statement, investors must check their demat account statement after trading to confirm the trade status and whether the trade was successful.
Shares are stored in one of two depositories: NSDL (National Securities Depository Limited) or CDSL (Central Depository Services Limited). These depositories work with Depository Participants (DPs) that are registered with the Securities and Exchange Board of India (SEBI) to handle the securities traded by investors.
Source Link: Indegene IPO Day 2: Should you apply or not? Check GMP, key dates, subscription status, more. | Mint