 "Auto shares gain; Hero MotoCorp up over 3%")
Shares of automobiles companies are in limelight after the country's largest two-wheeler maker Hero MotoCorp said that it has clocked over one million units in retail sales during the festive season this year.
Hero MotoCorp is the largest gainer, up nearly 4% at Rs 2,667 on the National Stock Exchange (NSE).
The company said, "Thanks to the phenomenal customer response to our range of products, including all the new launches, the 1 million unit landmark was achieved during the 35-day festive period starting with the Navratras."
This is a robust 11% growth over the corresponding period last year, it added.
Among the other individual stocks, Bajaj Auto is up 3% at Rs 2,409, followed by TVS Motor Company (2.6% at Rs 293.65), Maruti Suzuki India (2% at Rs 4,629), Mahindra & Mahindra (1% at Rs 1,295) and Ashok Leyland (1% at Rs 92.80).
At 10:55 AM, Nifty Auto index is up 1.5% as compared to 1% rise in the benchmark Nifty 50 index.
Hero MotoCorp is the largest gainer, up nearly 4% at Rs 2,667 on the National Stock Exchange (NSE).
The company said, "Thanks to the phenomenal customer response to our range of products, including all the new launches, the 1 million unit landmark was achieved during the 35-day festive period starting with the Navratras."
This is a robust 11% growth over the corresponding period last year, it added.
Among the other individual stocks, Bajaj Auto is up 3% at Rs 2,409, followed by TVS Motor Company (2.6% at Rs 293.65), Maruti Suzuki India (2% at Rs 4,629), Mahindra & Mahindra (1% at Rs 1,295) and Ashok Leyland (1% at Rs 92.80).
At 10:55 AM, Nifty Auto index is up 1.5% as compared to 1% rise in the benchmark Nifty 50 index.
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