Hero MotoCorp skids as sales drop in January

Hero MotoCorp fell 0.83% to Rs 2,810.85 at 14:35 IST on BSE after the company reported 0.4% fall in sales to 5.58 lakh units in January 2015 over January 2014.

The company made announcement after market hours yesterday, 2 February 2015.

Meanwhile, the BSE Sensex was down 68.48 points, or 0.24%, to 29,053.79.

On BSE, so far 51,963 shares were traded in the counter, compared with an average volume of 30,712 shares in the past one quarter.

The stock hit a high of Rs 2,855.85 and a low of Rs 2,793.60 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 1,907 on 21 February 2014.

The stock had underperformed the market over the past one month till 2 February 2015, falling 6.98% compared with 4.43% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 5.3% as against Sensex's 4.51% rise.

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

The despatches were severely impacted during the two-day long transporters' strike during January 2015, Hero MotoCorp said.

Hero MotoCorp's rose 58.6% to Rs 763.37 crore on 21.7% rise in total income to Rs 7108.85 crore in Q2 September 2014 over Q2 September 2013.

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