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Deal▲ Bullish for Hero Motors
Hero Motors hits 20% upper circuit after ₹281 crore block deal
The brief
- 2.4 crore shares, or around 5.3% of equity, changed hands in the block deal
- Shares rose from the ₹84 IPO price to ₹141.85 on September 25
- Post-listing momentum and block-deal activity put Hero Motors shareholders in focus
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| HEROMOTORS | Thu, 24 Sept | +20.0% | +21.6% | 1.1× | +44.0% · Nifty −1.3% |
✓ Classifier read this as positive; HEROMOTORS rose 21.6% against the Nifty on the day it traded.
Hero Motors block deal and share surge
Hero Motors shares rose 20% as 2.4 crore shares, about 5.3% of its outstanding equity, changed hands in a ₹281 crore block deal.
Friday, 25 September
Thursday, 24 September
- Hero Motors hits 20% upper circuit after ₹281 crore block deal