Hero MotoCorp Second Most Valued Auto Company on BSE

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Hero MotoCorp has overtaken Bajaj Auto when it comes to market capitalisation on BSE. Hero now becomes second most valued car firm 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 earlier trading session.
Bajaj Auto used to be trading down with the aid of 0.42% as of 1031 hours at Rs 2,739.05 per share, whereas Hero MotoCorp used to be trading at Rs 4,012 per share, up via 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, better by using Rs 858 crore as in comparison with the market capitalisation of Bajaj Auto which stands at Rs 79,259.07 crore.
Other automobile shares have been trading within the negative territory as auto companies expect a fall fashionable after the cupboard licensed an ordinance with a purpose to permit the cess on luxury cars and sports utility automobiles to be raised to as so much as 25%. meanwhile, Nifty was trading at 9,867.8 level, down through 16 points whereas Sensex was once trading at 31,582 stage, down by 64 points.
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