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Hero MotoCorp’s revenue surpassed Rs 10,000 crore for the first time, driven by strong sales and new launches. Despite a 36% rise in net profit, the results missed analyst estimates, with shares closing 1.55% lower.
Hero Fincorp has filed a draft prospectus with SEBI for a Rs 3,668 crore IPO. The offering includes a fresh issue of shares worth Rs 2,100 crore and Rs 1,568 crore through an OFS.
On August 1, Nifty closed above 25,000, and Sensex ended higher, buoyed by a surge in energy stocks. The Nifty rose 0.24% to 25,010, while the Sensex gained 0.15% to 81,867.