Shares of Hero MotoCorp, on Tuesday, rose 2.2 per cent to Rs 3,423.50 on the BSE after the two-wheeler maker reported a 1.45 per cent increase in total sales at 5.05 lakh units in February. The company had sold 4.98 lakh units in the same month of the previous year, Hero MotoCorp said in a statement. Total motorcycle sales stood at 4.63 lakh units last month as against 4.79 lakh units in February 2020, down 3.25 per cent. Total scooter sales, however, increased over two fold to 41,744 units as compared with 18,932 units in the year-ago month, it added. In the domestic market, sales rose marginally to 4.84 lakh units last month as compared with 4.80 lakh units in the same period a year ago. Exports last month stood at 21,034 units as compared with 18,046 units in the year-ago period.
Hero MotoCorp share rises over 3% after February sales cross 5 lakh mark
Hero MotoCorp stock touched an intraday high of Rs 3,464.2 rising 3.41% against previous close of Rs 3,350 on BSE
BusinessToday.In | March 2, 2021 | Updated 12:18 IST
Hero MotoCorp share opened marginally higher at Rs 3,352. Market cap of the firm rose to Rs 69,303 crore.
Hero MotoCorp share rose over 3% in trade today after the world s largest two-wheeler manufacturer clocked a sales growth of 1.45% in February 2021 compared to the year-ago period. The stock has risen 6.92% in the last 2 days.
The auto stock touched an intraday high of Rs 3,464.2 rising 3.41% against previous close of Rs 3,350 on BSE. The share opened marginally higher at Rs 3,352. Market cap of the firm rose to Rs 69,303 crore.