 "Hero MotoCorp gains on hope of robust sales on Dhanteras")
Retail sales on October 21, 2014, Dhanteras, is expected close to 1.5 lakh units, which will be a 40-50% growth over the sales on Dhanteras day last year, the company said in a release to the stock exchange today.
The festival of Dhanteras is a day for celebrating wealth. Dhan means wealth and Teras means the 13th day as per Hindu calendar.
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On Dhanteras, people buy gold jewellery and also purchase new household products and vehicles.
The stock opened at Rs 3,025 and touched a high of Rs 3,104. Over 235,000 shares were traded on both the stock exchanges so far.
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