Hero MotoCorp rises on registering 35% growth in October sales

Hero MotoCorp Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 500182 | NSE: HEROMOTOCO

02 Nov 2020 Evaluate

Hero MotoCorp is currently trading at Rs. 2873.65, up by 73.85 points or 2.64% from its previous closing of Rs. 2799.80 on the BSE.

The scrip opened at Rs. 2890.00 and has touched a high and low of Rs. 2890.00 and Rs. 2851.90 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3,393.85 on 16-Oct-2020 and a 52 week low of Rs. 1475.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3143.90 and Rs. 2786.55 respectively. The current market cap of the company is Rs. 55930.94 crore.

The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.14% and 9.10% respectively.

Reflecting a strong customer preference for most trusted brands, Hero MotoCorp has sold 806,848 units of motorcycles and scooters in October 2020 - its highest-ever sales in any single month. Continuing its growth momentum, the company reported a robust double-digit growth of 35% over the corresponding month of the previous year (October 2019), when the company had sold 599,248 units.

A positive turnaround in customer sentiments - particularly for motorcycles across markets, continued government policy support and a credible resumption of supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period.

With the higher dispatches during the month, the company’s customer touch points across the country now have adequate inventories in line with market demand in the ongoing festival period. The company has also registered significant gains in market share in the second quarter (July-September) across product categories and geographies and expect to further build on this momentum going ahead.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters

Hero MotoCorp Share Price

5321.50 -20.45 (-0.38%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Auto	10710.85
Hero MotoCorp	5321.50
TVS Motor	3692.45
Eicher Motors	7300.10
Ather Energy	915.00
View more..

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