Hero MotoCorp rises on reporting 15% growth in total sales in June 2024
Hero MotoCorp is currently trading at Rs. 5619.95, up by 17.70 points or 0.32% from its previous closing of Rs. 5602.25 on the BSE.
The scrip opened at Rs. 5698.50 and has touched a high and low of Rs. 5698.50 and Rs. 5569.25 respectively. So far 7804 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5894.30 on 18-Jun-2024 and a 52 week low of Rs. 2863.90 on 03-Jul-2023.
Last one week high and low of the scrip stood at Rs. 5725.00 and Rs. 5422.00 respectively. The current market cap of the company is Rs. 112234.33 crore.
The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.69% and 8.55% respectively.
Hero MotoCorp has sold 503,448 units of motorcycles and scooters in June 2024. This translates into a growth of 15% over the corresponding month (June 2023).
In the domestic business the company sold 491,416 units in the month, translating into a growth of 16% over the corresponding month (422,757 in June 2023). For the quarter ended June 2024, the company’s total sales grew by 13.5% over the previous year (Q1FY25 - 15.35 lakh vs. Q1FY24 - 13.52 lakh).
Continuing to bolster its presence in the 125cc, premium and EV segments, Hero MotoCorp is witnessing strong demand for products like the Xtreme 125 and VIDA V1. The company is simultaneously expanding its network of Hero Premia and Hero 2.0 stores to enhance the overall customer experience.
During the month, the company achieved its highest-ever dispatches for the VIDA V1. Hero MotoCorp will be expanding its EV portfolio with new products in the mid and mass segments this fiscal. The company registered an impressive growth of 44% in its global business sales during Q1 FY25, on the back of the expansion of Nepal operations, growth in Colombia & Mexico and increased market penetration in Turkey.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.Motor
