Hero MotoCorp shares plunge 7% following weak exports and bike sales in August
Shares of Hero MotoCorp dropped by almost 7%, marking their sharpest decline in a year, following weak motorcycle sales and exports in August. Although overall sales increased by 2.65% to 5.68 lakh units, motorcycle sales dipped by 1.53% and exports plunged by 24.6%. Additionally, climbing crude oil prices put pressure on the automotive sector, while the company's first-quarter profit had previously decreased by 16.9% year-on-year.
by shortkt.com✓