Hero MotoCorp fell 2.07% to Rs 2,998.10 at 10:23 IST on BSE after the company reported 8% decline in total two-wheelers sales to 5.75 lakh units in October 2014 over October 2013.
The company made the announcement on Sunday, 2 November 2014.
Meanwhile, the BSE Sensex was up 26.02 points, or 0.09%, to 27,891.85.
On BSE, so far 30,000 shares were traded in the counter, compared with an average volume of 45,850 shares in the past one quarter.
The stock hit a high of Rs 3,065 and a low of Rs 2,928.80 so far during the day. The stock hit a record high of Rs 3,144 on 23 October 2014. The stock hit a 52-week low of Rs 1,907 on 21 February 2014.
The stock had outperformed the market over the past one month till 31 October 2014, rising 7.73% compared with 4.64% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.93% as against Sensex's 7.61% rise.
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The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.
During the festive period, which lasted between 25 September 2014 (first day of Navratras) and 31 October 2014, Hero MotoCorp said it clocked retail sales of 10 lakh two wheelers.
All the new launches - including the new ZMR, Splendor iSmart, Splendor Pro Classic and Passion Pro TR - have been driving the volumes across segments, the company said in filing to stock exchanges.
The company has lined up a total investment of over Rs 5000 crore across the globe, including manufacturing plants in Colombia and Bangladesh, new plants which are coming up in Gujarat and Andhra Pradesh and the Hero Global Centre for Research & Design at Kukas in Rajasthan.
Hero MotoCorp's net profit jumped 58.6% to Rs 763.37 crore on 21.7% growth in total income to Rs 7108.85 crore in Q2 September 2014 over Q2 September 2013.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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