📉 Hero MotoCorp Shares Drop Over 3% After Temporary Halt at Four Plants

Stock Movement:

• Hero MotoCorp shares fell over 3% on Thursday after the company temporarily suspended production at four of its manufacturing facilities.
• The stock hit an intraday low of ₹3,664.30, marking its biggest single-day drop since April 7.
• As of 11:13 AM, shares were trading at ₹3,690, down 2.4%, while the Nifty 50 was down just 0.02%.

Production Update:

• The production halt is scheduled from April 17 to April 19 across four plants.
• The company has not yet specified the reason for the pause.

Market Context:

• Thursday marked the second consecutive session of losses for Hero MotoCorp.
• The stock is down 11.5% year-to-date, underperforming the Nifty 50, which has declined 1.01% in the same period.
• Market Cap: ₹73,687.9 crore (as per BSE data)