Hero MotoCorp slips after weak February sales

Hero MotoCorp fell 0.18% to Rs 2,620.10 at 9:22 IST on BSE after the company reported 3.85% decline in sales to 4.84 lakh shares in February 2015 over February 2014.

The announcement was made after market hours yesterday, 2 March 2015,

Meanwhile, the BSE Sensex was down 42.42 points, or 0.14%, to 29,416.72.

On BSE, so far 2,194 shares were traded in the counter, compared with an average volume of 44,915 shares in the past one quarter.

The stock hit a high of Rs 2,626 and a low of Rs 2,600.05 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 1,940.70 on 4 March 2014.

The stock had underperformed the market over the past one month till 2 March 2015, falling 7.40% compared with 1.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.49% as against Sensex's 3.57% rise.

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

Hero MotoCorp is set to launch a slew of new models in the coming months, including a range of scooters, the company said.

Hero MotoCorp reported 11.1% rise in net profit to Rs 582.98 crore on 0.6% fall in total income to Rs 6932.85 crore in Q3 December 2014 over Q3 December 2013.

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

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