Hero MotoCorp, M&M rise 5% post October sales

Hero MotoCorp (Rs 2,934) and M&M (Rs 794) up 5% after these companies posted more than 15% year-on-year growth in total sales during the month of October.

Shares of Hero MotoCorp and Mahindra & Mahindra (M&M) were up by 5% each on the BSE after these companies posted more than 15% year-on-year (Y-o-Y) growth in total sales during the month of October.

Hero MotoCorp was up 5% at Rs 2,934 after the company dispatched 734,668 units of motorcycles and scooters in October 2018 – a growth of 16.4% over the corresponding month of the previous fiscal. The two-wheeler company had sold 631,105 units in the month October 2017.

“Coming immediately after the Company’s highest-ever monthly sales (769,138 in September 2018), the growth provides a positive