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Hero MotoCorp unveiled &#8216;The Centennial&#8217;, a collector&#8217;s edition motorcycle in honour of its founder, Brijmohan Lall Munjal. The announcement, made on the occasion of his 101st birth anniversary, marks a significant milestone in the company&#8217;s history.



What Happened: According to the company&#8217;s press release, The Centennial is a testament to Hero MotoCorp&#8217;s commitment to innovation and excellence. The motorcycle was designed and developed by a team of international experts at the Hero Centre for Innovation and Technology in India and the Hero Tech Centre in Germany.



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With only 100 units of this marvel of engineering and design available, the motorcycle represents the epitome of premium performance and craftsmanship. As a tribute to Munjal&#8217;s 101st birth anniversary, these exclusive motorcycles will be auctioned to employees, associates, business partners, and stakeholders. The funds raised from the auction will be used for social causes, reflecting Munjal&#8217;s enduring value of giving back to society.



Deliveries of The Centennial are set to begin in September 2024. As part of the centennial celebrations, Hero MotoCorp is also offering a unique opportunity for customers to receive 100% cashback on their purchase of any Hero motorcycle or scooter, limited to 100 vehicles. The company is also launching the &#8216;My Hero, My Story&#8217; campaign, inviting customers to share their anecdotes and journeys with the brand. The top entries will be rewarded with The Centennial.



Read Next: <a href="https://in.benzinga.com/content/39567205/why-brokerages-stay-bullish-on-bharti-airtel-despite-smaller-tariff-hike-than-jio" target="_blank" rel="noreferrer noopener">Why Brokerages Stay Bullish On Bharti Airtel Despite Smaller Tariff Hike Than Jio</a>




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Hero MotoCorp celebrates founder Dr. Brijmohan Lall Munjal's 101st birth anniversary with 'The Centennial', a limited edition motorcycle auctioned for charity.

Hero Launches New Bike 'The Centennial' To Honour Founder Brijmohan Lall Munjal 

Ananthu C U

Hero Motocorp

Hero Launches New Bike 'The Centennial' To Honour Founder Brijmohan Lall Munjal

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On Tuesday, Nifty 50 reversed losses in the session and closed 0.91% up at 24,213.30. At the end of trde, 39 stocks gained while 11 declined.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053250/newplot-31.jpeg" alt="" class="wp-image-629875" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053250/newplot-31.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053250/newplot-31-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>



Top Gainers:



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>JSW Steel</td><td>₹999.5</td><td>₹954.9</td><td>4.67%</td></tr><tr><td>Bajaj Auto</td><td>₹9874.85</td><td>₹9525.55</td><td>3.67%</td></tr><tr><td>Tata Steel</td><td>₹152.29</td><td>₹146.95</td><td>3.63%</td></tr><tr><td>Hindalco</td><td>₹697.55</td><td>₹674.3</td><td>3.45%</td></tr><tr><td>Axis Bank</td><td>₹1171.7</td><td>₹1139.25</td><td>2.85%</td></tr></tbody></table></figure>



JSW Steel topped the charts with a 4.67% increase, closing at ₹999.5. 



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053313/newplot-32.jpeg" alt="" class="wp-image-629880" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053313/newplot-32.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053313/newplot-32-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>



Bajaj Auto and Tata Steel also posted notable gains, with increases of 3.67% and 3.63% respectively. Hindalco and Axis Bank rounded out the top five with their respective rises. Steel stocks <a href="https://in.benzinga.com/markets/equities/24/11/41736260/tata-steel-other-steel-stocks-jump-up-to-2-amid-reports-of-major-govt-move">surged in the session after the Indian government is reportedly looking to raise anti-dumping duties</a> on imported steel to help the domestic steelmakers. 



See Also: <a href="https://in.benzinga.com/markets/equities/24/11/41738679/tata-motors-jlr-sees-u-k-sales-slump-13-to-5-257-units">Tata Motors&#8217; JLR Sees U.K. Sales Slump 13% To 5,257 Units</a>



Top Losers:



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Coal India </td><td>₹434.9</td><td>₹443.30</td><td>-1.89%</td></tr><tr><td>Adani Ports</td><td>₹1329.35</td><td>₹1349.25</td><td>-1.47%</td></tr><tr><td>Trent</td><td>₹6968.35</td><td>₹7063.75</td><td>-1.35%</td></tr><tr><td>Asian Paints</td><td>₹2887.3</td><td>₹2915.3</td><td>-0.96%</td></tr><tr><td>ITC</td><td>₹480.2</td><td>₹484.6</td><td>-0.91%</td></tr></tbody></table></figure>



Coal India&nbsp;saw the most significant drop, down 1.89%, closing at ₹434.9. 



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053329/newplot-33.jpeg" alt="" class="wp-image-629883" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053329/newplot-33.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05053329/newplot-33-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>



Adani Ports and Trent also faced declines, with Adani Ports decreasing by 1.47% and Trent by 1.35%. Asian Paints and ITC completed the list of the top five losers.



Vinod Nair, Head of Research, Geojit Financial Services said, &#8220;The domestic market experienced a sharp recovery, reclaiming most of the previous day's losses amid uncertainty surrounding the likely downgrade in Q2 GDP forecast and closely contested U.S. presidential election. However, the recent rebound in domestic manufacturing activity data, along with the expected revival of consumption in the H2, are likely to support market sentiment. Metals led the gains, driven by the anticipation of significant stimulus from China later this week.&#8221;



Read Next: <a href="https://in.benzinga.com/markets/equities/24/11/41738681/hdfc-bank-to-see-15-812-cr-inflows-from-msci-rejig-says-nuvama-bse-voltas-ola-electric-likely-to">HDFC Bank To See ₹15,812 Cr Inflows From MSCI Rejig, Says Nuvama; BSE, Voltas, Ola Electric Likely To Enter Indices</a>




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Movers

Nifty 50 reversed losses and closed 0.91% up, with 39 stocks gaining and 11 declining. Top gainers were JSW Steel, Bajaj Auto, Tata Steel, Hindalco, and Axis Bank. Coal India was the top loser, while Adani Ports, Trent, Asian Paints, and ITC also faced declines. Market sentiment may be supported by rebounding domestic manufacturing activity and expected revival of consumption in H2.

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