Hero MotoCorp soars as its vehicle sales rise 22% in January
Hero MotoCorp is currently trading at Rs. 4714.90, up by 128.00 points or 2.79% from its previous closing of Rs. 4586.90 on the BSE.
The scrip opened at Rs. 4599.00 and has touched a high and low of Rs. 4717.90 and Rs. 4598.95 respectively. So far 2453 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4718.15 on 01-Feb-2024 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. 4718.15 and Rs. 4429.15 respectively. The current market cap of the company is Rs. 91686.24 crore.
The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.44% and 8.80% respectively.
Hero MotoCorp’s vehicle sales rose 22 per cent to 4,33,598 units in January 2024. In the year-ago period, the company's vehicle sales stood at 3,56,690 units. Domestic sales grew 20 per cent to 4,20,934 units in the previous month as against 3,49,437 units in FY23. In the overall sales, motorcycle sales increased 21 per cent to 3,02,056 vehicles compared to 3,33,638 units in January 2023.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
