Hero MotoCorp gains despite reporting 13% dip in July sales
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Hero MotoCorp is currently trading at Rs. 2768.10, up by 4.00 points or 0.14% from its previous closing of Rs. 2764.10 on the BSE.
The scrip opened at Rs. 2766.00 and has touched a high and low of Rs. 2795.05 and Rs. 2764.15 respectively. So far 10696 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3628.55 on 18-Feb-2021 and a 52 week low of Rs. 2622.50 on 03-Aug-2020.
Last one week high and low of the scrip stood at Rs. 2836.00 and Rs. 2742.85 respectively. The current market cap of the company is Rs. 55282.86 crore.
The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 55.20% and 10.05% respectively.
Hero MotoCorp has reported a 13 percent dip in total sales at 4,54,398 units in July 2021. The company had sold 5,20,104 units in the same month of the previous year. In the domestic market, the company's wholesales dropped to 4,29,208 units last month from 5,12,541 units in July 2020.
Exports, however, increased to 25,190 units last month as against 7,563 units in the year-ago period. Most of the retail touch-points of the company are operational across the country, although localised lockdowns imposed by certain states in the wake of sporadic coronavirus cases continue to restrict the customer movement.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
.jpg)
