Hero MotoCorp shares decline 3%

New Delhi: Shares of Hero MotoCorp fell by 3 per cent on Wednesday, a day after the company said its consolidated profit after tax declined by 30 per cent in the fourth quarter ended March 2022.

The stock went lower by 3 per cent to settle at Rs 2,411.90 on the BSE. During the day, it declined 3.48 per cent to Rs 2,399.75. At the NSE, it dipped 2.78 per cent to Rs 2,417.95 a piece.

Hero MotoCorp on Tuesday said its consolidated profit after tax (PAT) declined by 30 per cent to Rs 621 crore for the quarter ended March 2022 on account of lower sales. The country's largest two-wheeler maker had reported a PAT of Rs 885 crore in the January-March quarter of 2020-21 fiscal.