Hero MotoCorp hits 33-mth high, soars 15% in 9 days on record festive sales

Last week the company said it recorded highest-ever festive sales, clocking more than 1.4 million units in retail sales during the 32-day festive period.

Shares of Hero MotoCorp hit a 33-month high of Rs 3,551.75, as they surged 4 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market, on expectation of strong growth momentum going forward.

The stock was quoting higher for the 9th straight trading day and rallied 15 per cent during the same period. It was trading at its highest level since February 2021. In comparison, the S&P BSE Sensex was up 0.06 per cent at 66,065 at 01:18 PM.

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, with a market capitalisation of