Hero Motors stock dips 10%, still 55% above listing price

Hero Motors shares fell 10% to ₹127.67 on Monday due to profit booking, but remain 55% above the ₹82 listing price from last week. The ₹1,000 crore IPO included a ₹600 crore fresh issue and ₹400 crore OFS, with funds earmarked for debt repayment, plant upgrades in Gautam Buddha Nagar, and acquisitions.