Hero MotoCorp, India's biggest two-wheeler manufacturer, will spend Rs 2,575 crore on two new factories to be operational by the second quarter of the next financial year, the automaker's managing director said.
The two new plants will take the company's total capacity to above 9 million vehicles from 7 million currently, Pawan Munjal said.
Hero Motocorp stock price
On August 22, 2014, Hero Motocorp closed at Rs 2531.00, down Rs 26.55, or 1.04 percent. The 52-week high of the share was Rs 2775.05 and the 52-week low was Rs 1834.10.
The company's trailing 12-month (TTM) EPS was at Rs 106.33 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 23.8. The latest book value of the company is Rs 280.43 per share. At current value, the price-to-book value of the company is 9.03.
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