Hero MotoCorp skids after weak sales in April

Meanwhile, the BSE Sensex was up 236.36 points, or 1.21%, to 19,740.54.

On BSE, 42,000 shares were traded in the counter as against an average daily volume of 32,840 shares in the past one quarter.

The stock hit a high of Rs 1,672.65 and a low of Rs 1,610 so far during the day. The stock had hit a record high of Rs 2,278.50 on 2 May 2012. The stock had hit a 52-week low of Rs 1,434.05 on 15 April 2013.

The stock had outperformed the market over the past one month till 30 April 2013, rising 6.69% compared with the Sensex's 3.55% rise. The scrip had, however, underperformed the market in past one quarter, sliding 8.59% as against Sensex's 2.50% fall.

India's largest two-wheeler maker by sales has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp's net profit fell 4.86% to Rs 574.23 crore on 1.79% rise in total income to Rs 6250.26 crore in Q4 March 2013 over Q4 March 2012. The company announced its Q4 results after market hours on 26 April 2013.

The company said at the time of announcement of the Q4 results that it has hiked prices of its products, ranging from Rs 500 to Rs 1,500, with immediate effect.

The company's earnings before interest taxes depreciation and amortization (EBIDTA) margin stood at 13.83% in Q4 March 2013. The company's EBIDTA operating margin stood at 13.82% in the year ended March 2013.

The company sold 15.27 lakh two-wheelers in Q4 March 2013. It reported volumes of 60.75 lakh units in despatch sales despite a sluggish market environment in the year ended March 2013.

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

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