You are here: Home » PTI Stories » National » News
Business Standard

Hero MotoCorp shares jump over 6 pc

Business Finance

Press Trust of India  |  New Delhi 

Shares of Hero MotoCorp on Monday jumped over 6 per cent after the company said it has resumed operations across 1,500 touch-points, including authorised dealerships, across the country.

On the BSE, the scrip climbed 6.29 per cent to close at Rs 2,085.85. During the day, it jumped 8.75 per cent to Rs 2,134.25.

It rose by 6 per cent to close at Rs 2,082.10 on the NSE.

The company was the biggest gainer on both Sensex and Nifty.

In terms of volume, 1.20 lakh shares were traded on the BSE during the day, while over 44 lakh shares changed hands on the NSE.

Around 10,000 units of motorcycles and scooters have already been sold since the reopening of these customer touch-points, Hero MotoCorp said in a statement on Sunday.

"The company has commenced its retail operations with the re-opening of more than 1,500 customer touch-points including authorised dealerships and service centers," it said.

These outlets contribute to around 30 per cent of the company's total domestic retail sales, it added.

The two-wheeler major said it has also commenced vehicle dispatches from its manufacturing facilities from May 7.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 11 2020. 18:16 IST