Hero Moto stock falls on FIR reports

Hero MotoCorp’s stock price fell 2.7% on Monday, closing at Rs 2,954, following news of a police complaint filed against the company and certain officials by Brains Logistics, a former manpower services provider. Hero MotoCorp denied the allegations. The stock opened flat but declined during mid-session, down approximately 3.5% at Rs 2,925 before a partial recovery by the close.