Hero MotoCorp climbs higher on the bourses

20 Mar 2013 Evaluate

Hero MotoCorp is currently trading at Rs. 1649.65, up by 5.75 points or 0.35% from its previous closing of Rs. 1643.90 on the BSE.

The scrip opened at Rs. 1646.00 and has touched a high and low of Rs. 1665.60 and Rs. 1626.00 respectively. So far 9,602 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. 1606.00 on 19-Mar-2013.

Last one week high and low of the scrip stood at Rs. 1698.10 and Rs. 1606.00 respectively. The current market cap of the company is Rs. 32,941 crore.

The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 39.09% and 8.70% respectively.

Two-wheeler major, Hero MotoCorp has reported an 11% rise in sales for February 2013, at 228,444 units from 206,043 units sold in the corresponding month of last year. Its domestic market share stood at 19%.

The company’s motorcycle sales in the month under review grew by 31% at 108,553 units from 83,061 units sold in February 2012. However, the scooter sales fell by 3% at 119,891 units from 122,982 units sold in the corresponding month of last year.

The company reported an increase of 33% in its cumulative sales between April to February in the current fiscal that stood at 2,502,164 units from 1,886,741 units offtake in the same period of last year.

The cumulative motorcycle sales grew by 49% at 1,171,266 units from 784,104 units sold in the corresponding period of last fiscal. Cumulative scooter sales increased by 21% at 1,330,898 units from 1,102,637 units off-take in the like period of 2011-12.

Hero MotoCorp is the World's single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors Limited in 1984. The joint venture between India's Hero Group and Honda Motor Company, Japan has not only created the world's single largest two wheeler company but also one of the most successful joint ventures worldwide.

Hero MotoCorp Share Price

4825.00 -52.25 (-1.07%)
13-May-2024 13:53 View Price Chart
Peers
Company Name CMP
Bajaj Auto 8960.00
Hero MotoCorp 4825.00
TVS Motor 2055.55
Eicher Motors 4655.35
Atul Auto 549.75
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