Hero MotoCorp shares fall over 6

After a weak opening,shares of the country8217;s largest two-wheeler maker lost 6.1 per cent to touch a low of Rs 2,108 on the BSE.

Stocks More on Hero MotoCorp Ltd.

Profit-booking dragged the company8217;s shares on the NSE also,where it slipped 6.12 per cent to Rs 2,107.40.

It was the biggest loser among the blue-chips on both BSE and NSE during the morning trade.

Company INFO More on Hero MotoCorp Ltd.

The company yesterday posted a 20.33 per cent increase in its net profit to Rs 603.59 crore for the fourth quarter ended March 31,2012,on the back of robust sales during the period.

It had posted a net profit of Rs 501.61 crore for the quarter ended March 31,2011.

The company also announced an immediate price hike of up to Rs 1,000 on its products due to rising input costs.

In the broader market,the BSE benchmark Sensex was trading at 17,154.95,down 146.96 points at 1044 hrs.