Hero MotoCorp | Hero MotoCorp second most valued auto company on BSE

Hero MotoCorp has overtaken Bajaj Auto in terms of market capitalisation on BSE. Hero now becomes second most valued automobile company on BSE after Eicher Motors.
 
Eicher Motors’ market capitalisation stood at Rs 84,318.31 crore as per the closing price of Rs 30,973.7 per share on Wednesday.
 
Bajaj Auto’s market capitalisation stood at Rs 79,487.67 crore as per the closing price of Rs 2,746.95 per share in the previous trading session.
 
Bajaj Auto was trading down by 0.42% as of 1031 hours at Rs 2,739.05 per share, while Hero MotoCorp was trading at Rs 4,012 per share, up by 0.3% on BSE. As per the last traded price of the stocks on BSE, the market capitalisation of Hero MotoCorp stands at Rs 80,118.03 crore, higher by Rs 858 crore as compared to the market capitalisation of Bajaj Auto which stands at Rs 79,259.07 crore.
 
Other automobile stocks have been trading in the negative territory as auto companies expect a fall in demand after the Cabinet approved an ordinance that will allow the cess on luxury cars and sports utility vehicles to be raised to as much as 25%. Meanwhile, Nifty was trading at 9,867.8 level, down by 16 points while Sensex was trading at 31,582 level, down by 64 points.

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