Hero MotoCorp inches up on selling over 14 lakh units of motorcycles in Q2FY22
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Hero MotoCorp is currently trading at Rs. 2857.70, up by 10.35 points or 0.36% from its previous closing of Rs. 2847.35 on the BSE.
The scrip opened at Rs. 2855.00 and has touched a high and low of Rs. 2870.20 and Rs. 2850.00 respectively. So far 11187 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. 2636.00 on 27-Aug-2021.
Last one week high and low of the scrip stood at Rs. 2938.60 and Rs. 2804.00 respectively. The current market cap of the company is Rs. 57151.13 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 sold 14,38,623 units in the second quarter (July-September) of the fiscal year 2021-22. The company dispatched 530,346 units of motorcycles and scooters in the month of September 2021.
The growth in volumes on a sequential basis indicates a gradual recovery in the economy. Heading into the peak festive season, the company remains optimistic about the demand over the coming months.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
