At 10:20 am, Hero MotoCorp shares were trading lower by 0.37 percent on the BSEHero MotoCorp, India's largest motorbike maker, extended a shutdown at its production centers across the nation by another week till Might 16.
Hero MotoCorp had stopped its plant operations momentarily in a staggered way for 4 days from April 22-May 1, which was then extended till Might 9.
At 10:20 am, the shares of Hero MotoCorp were trading at Rs 2,845.60, down 0.37 per cent, on the BSE.
In view of the dominating Covid-19 situation across the country, Hero MotoCorp - the world's biggest producer of motorcycles and scooters - has actually chosen to extend the shutdown at its production centers across India, its International Parts Center (GPC) in Neemrana and its R-D center - the Centre of Innovation and Innovation (CIT) in Jaipur - by another week, till May 16, 2021, Hero MotoCorp stated in a regulatory filing to the stock market.
All corporate workplaces of the company are in Work from House (WFH) mode.The company is constantly monitoring the situation and is prepared with its organization continuity prepares to be able to quickly resume and scale up operations as and when the circumstance improves.
Hero MotoCorp added.The centre has actually maintained that there will not be a nationwide lockdown and Prime Minister Narendra Modi had asserted in his across the country address on April 21 that lockdowns ought to only be the last resort.
However, numerous individual states have actually revealed lockdowns to control the destructive 2nd wave of covid-19 pandemic.The BSE Sensex was trading at 49,528.35, higher by 319.73 points or 0.65 per cent and the NSE Nifty was at 14,926.65, up 102.45 points or 0.69 per cent at the time.