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Hero MotoCorp rises on reporting 27% rise in September sales

03 Oct 2011 Evaluate

Hero MotoCorp is currently trading at Rs. 1960.00, up by 19.10 points or 0.98% from its previous closing of Rs. 1941.85 on the BSE.

The scrip opened at Rs. 1935.00 and has touched a high and low of Rs. 1966.40 and Rs. 1906.45 respectively. So far 71239 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2231.70 on 09-Sep-2011 and a 52 week low of Rs. 1377.95 on 23-Feb-2011.

Last one week high and low of the scrip stood at Rs. 2045.00 and Rs. 1906.45 respectively. The current market cap of the company is Rs. 38776.32 crore.

The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 38.23% and 9.56% respectively.

Hero MotoCorp, the country’s largest two-wheeler maker registered 26.75% jump in its September sales at 5,49,625 units against 4,33,641 units in the corresponding month last year. The July to September cumulative sales of the company has stood at 15,44,315 unit, a growth of 20.09% over 12,85,944 units sold in the same period last year.

The company’s sales have been regularly in excess of half a million two-wheelers per month since the formation of new company, setting the pace for its continued leadership.

Earlier, the company registered 18.61% jump in its August sales at 5,03,654 units against 4,24,617 units in the corresponding month last year. The April to August cumulative sales of the company crossed the 25 lakh unit’s milestone a growth of 21% over 2,086,342 units sold in the same period last year.

The company’s net profit for the quarter surged by 13.46% at Rs 557.89 crore as compared to Rs 491.69 crore for the quarter ended June 30, 2010. Its total net operating income has increased by 32.29% to Rs 5683.83 crore for the quarter under review from Rs 4296.61 crore for the corresponding quarter of the previous year.

Hero MotoCorp Share Price

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