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Hero MotoCorp soars on registering 734,668 units sales in October

Hero MotoCorp is currently trading at Rs. 2859.95, up by 68.50 points or 2.45% from its previous closing of Rs. 2791.45 on the BSE.

The scrip opened at Rs. 2865.00 and has touched a high and low of Rs. 2887.00 and Rs. 2843.50 respectively. So far 962 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 3862.00 on 18-Apr-2018 and a 52 week low of Rs. 2648.70 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2,887.00 and Rs. 2,707.65 respectively. The current market cap of the company is Rs. 55750.65 crore.

The promoters holding in the company stood at 34.63%, while Institutions and Non-Institutions held 53.65% and 11.72% respectively.

Hero MotoCorp has sold 734,668 units of motorcycles and scooters in October 2018, a growth of 16.4% over the corresponding month of the previous fiscal (October 2017) when the Company had sold 631,105 units.

Fortifying its market leadership with a strong sales growth trajectory, this is the fourth occasion in this fiscal (FY19), and sixth overall, when the Company has registered sales of more than seven lakh units of two-wheelers in a month.

Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.

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