Hero MotoCorp lost 2.11% to Rs 2,618 at 10:42 IST on BSE after the company said that its total two-wheeler sales dropped 7.93% to 4.87 lakh units in July 2015 over July 2014.
The announcement was made on Saturday, 1 August 2015.
Meanwhile, the S&P BSE Sensex was up 82.51 points or 0.29% at 28,197.07.
On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 26,265 shares in the past one quarter.
The stock hit a high of Rs 2,655 and a low of Rs 2,604.15 so far during the day. The stock had hit a record high of Rs 3,271.80 on 1 December 2014. The stock had hit a 52-week low of Rs 2,252 on 8 May 2015.
The stock had outperformed the market over the past one month till 31 July 2015, advancing 5.95% compared with Sensex's 1.2% rise. The scrip had also outperformed the market in past one quarter, surging 14.81% as against Sensex's 4.08% rise.
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The large-cap motorcycle maker has equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Hero MotoCorp said that its retail sales continue to be better than despatches. The industry expects the good monsoon and the oncoming festive season to revive sentiments and bring buoyancy in the market, Hero MotoCorp said.
Hero MotoCorp recently introduced two new motorcyles - the 150cc Xtreme Sports and 100cc Passion PRO, both of which have received very positive response from customers across the country, the company said. Hero MotoCorp said it is also gearing up to launch more new products in the months leading up to the festive season.
Hero MotoCorp is scheduled to announce its Q1 June 2015 results today, 3 August 2015. The company's net profit fell 14.1% to Rs 476.53 crore on 3.7% growth in net sales to Rs 6695.19 crore in Q4 March 2015 over Q4 March 2014.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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