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Hero Motocorp surges as its retail sales crosses one million units in festive season

19 Nov 2015 Evaluate

Hero MotoCorp is currently trading at Rs. 2620.00, up by 48.15 points or 1.87% from its previous closing of Rs. 2571.85 on the BSE.

The scrip opened at Rs. 2609.90 and has touched a high and low of Rs. 2625.00 and Rs. 2607.60 respectively. So far 2657 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3271.80 on 01-Dec-2014 and a 52 week low of Rs. 2252.00 on 08-May-2015.

Last one week high and low of the scrip stood at Rs. 2664.00 and Rs. 2556.70 respectively. The current market cap of the company is Rs. 51356.63 crore.

The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 52.00% and 13.36% respectively.

Hero MotoCorp, the world’s largest two-wheeler manufacturer, has further consolidated its leadership, clocking over 1 million (10 lakh) units in retail sales during the festive season this year. The 1 million unit landmark was achieved during the 35-day festive period starting with the Navratri. This is an increase of 11% in retail sales over the corresponding period last year.

The company’s two new scooters, Maestro Edge and Duet, have been blockbusters while there has also been a phenomenal demand for the new Splendor PRO. These, along with the sales of Passion PRO and Glamour bikes, and the continuing popularity of Pleasure and Maestro scooters have resulted in this double digit growth.

Hero MotoCorp is the world’s single largest two-wheeler motorcycle company. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

 

Hero MotoCorp Share Price

5229.25 68.40 (1.33%)
17-Apr-2026 16:59 View Price Chart
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