Hero MotoCorp gains after clocking retail sales of over 10 lakh units during festive season

Hero MotoCorp rose 1.54% to Rs 2,611.45 at 9:30 IST on BSE after the company said it has clocked over 10 lakh units in retail sales during the festive season this year.

The company announced after market hours yesterday, 18 November 2015.

Meanwhile, the BSE Sensex was up 170.26 points, or 0.67%, to 25,652.78.

On BSE, so far 1,424 shares were traded in the counter, compared with an average volume of 27,418 shares in the past one quarter.

The stock hit a high of Rs 2,625 and a low of Rs 2,608.70 so far during the day. The stock hit a record high of Rs 3,271.80 on 1 December 2014. The stock hit a 52-week low of Rs 2,252 on 8 May 2015.

The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp said the 10-lakh units sales landmark was achieved during the 35-day festive period starting with the Navratras, a 11% growth over the corresponding period last year, HMCL said in a statement.

Hero MotoCorp's net profit rose 1.13% to Rs 772.06 crore on 1.7% decline in net sales to Rs 6745.11 crore in Q2 September 2015 over Q2 September 2014.

Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.

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