Hero MotoCorp gains after disclosing November sales data

Hero MotoCorp rose 0.60% to Rs 2,693.95 at 9:19 IST on BSE after the company recorded 0.61% growth in total sales to 5.51 lakh units in November 2015 over November 2014.

The announcement was made after market hours yesterday, 1 December 2015.

Meanwhile, the BSE Sensex was up 50.84 points, or 0.19%, to 26,220.25.

On BSE, so far 1,154 shares were traded in the counter, compared with an average volume of 33,099 shares in the past one quarter.

The stock hit a high of Rs 2,699.90 and a low of Rs 2,666.75 so far during the day. The stock hit a record high of Rs 3,258 on 3 December 2014. The stock hit a 52-week low of Rs 2,252 on 8 May 2015.

The stock had outperformed the market over the past one month till 1 December 2015, rising 3.59% compared with 1.83% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.26% as against Sensex's 1.84% decline.

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

Hero MotoCorp's net profit rose 1.1% 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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