Hero MotoCorp trades higher on the BSE
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Hero MotoCorp is currently trading at Rs. 5252.30, up by 92.45 points or 1.79% from its previous closing of Rs. 5159.85 on the BSE.
The scrip opened at Rs. 5199.95 and has touched a high and low of Rs. 5277.90 and Rs. 5015.90 respectively. So far 8855 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5305.45 on 03-Jun-2024 and a 52 week low of Rs. 2746.00 on 20-Jun-2023.
Last one week high and low of the scrip stood at Rs. 5305.45 and Rs. 5003.00 respectively. The current market cap of the company is Rs. 103764.25 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 498,123 units of motorcycles and scooters in May 2024 as compared to 519,474 units in May 2023, i.e. down by 4.11%. The company has sold 10,31,708 units in the first two months (April-May 2024) of the financial year FY25, registering a growth of 12.6% over the corresponding months (April-May 2023) when the company sold 915,581 units.
Hero MotoCorp continues to focus on the premiumization of its product portfolio, customer touch-points and overall brand experience. The company is also ramping up production of the Xtreme 125R to cater to the continued unprecedented demand for the stylish motorcycle, which has captured the aspirational mobility needs of the gen-next customers. Hero MotoCorp registered a healthy growth in its export volumes during the month and continues to see increased demand for the VIDA V1 electric scooter. The company is gearing up for an energetic upcoming period with a slew of product launches and business expansions.
During the month, Hero MotoCorp launched the latest generation of the iconic Splendor - the Splendor+ XTEC 2.0 - celebrating the 30th anniversary of the world’s highest-selling motorcycle. The premium and tech-laden Splendor keeps its iconic design while integrating modern elements such as LED headlights with HIPL (High Intensity Position Lamp), a unique H-shaped signature tail lamp and multiple convenience & safety features. Showcasing its allaround dominance, the motorcycle boasts excellent fuel efficiency of 73 kmpl.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
