Hero MotoCorp rose 1.23% to Rs 2,549.90 at 9:40 IST on BSE after total sales rose 0.18% to 5.42 lakh vehicles in June 2015 over June 2014.
The company made announcement after market hours yesterday, 1 July 2015.
Meanwhile, the BSE Sensex was down 30.27 points, or 0.11%, to 27,990.60.
On BSE, so far 2,599 shares were traded in the counter, compared with an average volume of 50,426 shares in the past one quarter.
The stock hit a high of Rs 2,550 and low of Rs 2,520 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 2,252 on 8 May 2015.
The stock had underperformed the market over the past one month till 1 July 2015, falling 7.05% compared with 0.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 5.15% as against Sensex's 0.85% decline.
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The large-cap two-wheeler maker has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Hero MotoCorp (HMCL) said that despite the sluggish market sentiment and the slowing rural economy, the company sold 5.42 lakh vehicles in June 2015 as against 5.41 lakh units in June 2014. As the industry had built up stocks due to the sluggish market, HMCL reduced inventories in Q1 June 2015. The company's retails are currently better than dispatches, HMCL added. In the month of June 2015, HMCL introduced two new models in the market in quick succession - Passion Pro and Xtreme Sports. Going forward, the company has lined up a slew of launches across segments in scooters and motorcycles, leading up to the festive season, HMCL said in a statement.
Hero MotoCorp's net profit fell 14.1% to Rs 476.53 crore on 3.8% rise in total income to Rs 6886.75 crore in Q4 March 2015 over Q4 March 2014.
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