Hero MotoCorp slips 2 per cent

As per the latest reports, Hero MotoCorp, a well-known two-wheeler firm in India, has recently reported a sudden fall of 2 percent in its shares on Monday as traders speculated about a potential bid weighed by the organization for the iconic Italian motorcycle maker, Ducati.

While talking to media, a source said, “Hero MotoCorp, the world’s largest motorcycle maker by volumes, could be interested in acquiring the Italian marque.”

In the meantime, the Hero MotoCorp is powered with around $ 1 billion dollar war chest is expected to be keen to expand globally.

At present, Hero MotoCorp is likely to be taking to its bankers to the expected rise a bid for Ducati even if other details of this deal remain under files.

On the other hand, the Ducati could be monitoring the deal worth over 1 billion euro, as said in reports.

Moreover, the two-wheeler company’s shares have outperformed the market with most analysts giving a ‘buy’ recommendation on the Hero MotoCorp because of strong hike in monthly motorcycle sales.

Hero MotoCorp shares have increased around 28 percent over the past one year and the BSE Sensex shed 4.6 per cent. Hero MotoCorp’s market cap stands at Rs 38,080 crore.

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