Hero MotoCorp rises on reporting 11% increase in May sales figure

04 Jun 2012 Evaluate

Hero MotoCorp is currently trading at Rs. 1835.00, up by 13.10 points or 0.72% from its previous closing of Rs. 1821.90 on the BSE.

The scrip opened at Rs. 1818.00 and has touched a high and low of Rs. 1839.80 and Rs. 1810.00 respectively. So far 8,918 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2278.50 on 02-May-2012 and a 52 week low of Rs. 1482.25 on 15-Jul-2011.

Last one week high and low of the scrip stood at Rs. 1871.90 and Rs. 1810.00 respectively. The current market cap of the company is Rs. 36,642.00 crore.

The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 39.03% and 8.76% respectively.

Hero MotoCorp, country’s largest two-wheeler maker reported 11.3% increase in its sales for May at 556,644 units against 5,00,234 units during the same month last year. This is for the fifth straight month that the company has sold more than 5 lakh two-wheelers, in the backdrop of steepest petrol hike, depreciating rupee and a slowing economy. Further, the company plans to add about 400 outlets to its existing 5,000-strong network in the current fiscal.

The company reported 20.30% rise in net profit at Rs 603.5 crore for the quarter ended March 31, 2012. It was Rs 501.6 crore in the same period a year ago. The total income increased 12.22% to Rs 6,140 crore from Rs 5,471.3 crore in March 2011.

For the full year, the company’s net profit jumped 23.35% to Rs 2,378.1 crore as compared to Rs 1,928 crore in March 2011. The total income rose 21.62% at Rs 23,943.6 crore as against Rs 19,687.5 crore in the previous financial year ending March 2011.

Hero MotoCorp Share Price

5513.20 -131.20 (-2.32%)
20-Jun-2024 16:01 View Price Chart
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