Hero Motors share price jumps over 7%, newly listed stock up 78% from IPO price | What's driving the rally?
New Delhi, Sept. 30 -- Hero Motors share price jumped more than 7% on Wednesday, 30 September, extending gains in the newly listed stock. The shares were trading around 78% above their IPO price of Rs.84. The company's market capitalisation stood at Rs.6,675.61 crore so far today. Hero Motors share price today opened at Rs.140.30 apiece on the BSE, the stock touched an intraday high of Rs.149.35, and an intraday low of Rs.140.10 apiece.
Hero Motors share price also attracted attention following a bulk deal on Monday, 28 September. Data from the BSE showed Irage Broking Services LLP bought 34,01,332 shares at Rs.135.70 apiece and sold 12,12,381 shares at Rs.134.93 apiece.
Hero Motors made a muted debut on 23 September, with the stock ope...
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