Hero MotoCorp rides high after reporting highest-ever sales during 32-day festive period
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. 3257.85, up by 80.80 points or 2.54% from its previous closing of Rs. 3177.05 on the BSE.
The scrip opened at Rs. 3168.05 and has touched a high and low of Rs. 3259.00 and Rs. 3168.05 respectively. So far 13027 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3275.00 on 19-Oct-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3259.00 and Rs. 3095.30 respectively. The current market cap of the company is Rs. 64996.31 crore.
The promoters holding in the company stood at 34.77%, while Institutions and Non-Institutions held 55.94% and 9.30% respectively.
Hero MotoCorp has recorded its highest-ever festive sales, clocking more than 14 lakh (1.4 million) units in retail sales during the 32-day festive period - between the first day of the Navratras and Bhai Dooj this year. Riding on robust demand across rural markets as well as steady retail off-take in key urban centers, the Company registered a 19% growth over the previous year, and surpassed its previous highest retail of 12.7 lakh units which was recorded in the festive period of 2019.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
