Hero MotoCorp best performing auto stock, up 10% so far in August

The stock hit a new high of Rs 4,044, up 2% on BSE in intra-day, extending its past two weeks gain.

Hero MotoCorp (HMC) hit a new high of Rs 4,044, up 2% on BSE in intra-day trade, extending its past two weeks gain, after the company reported a strong 17% growth in total two-wheeler sales of 623,269 units in July. The world’s largest two-wheeler manufacture had sold 532,113 units in the corresponding month of the previous fiscal (July 2016).

Hero MotoCorp is the best performing stock among automobiles, up 10% thus far in the month of August. On comparison, the S&P BSE Sensex and S&P BSE Auto index were down 2.7% and 2.3%, respectively. Eicher Motors and Bajaj Auto