November sales drive up Hero Honda

Dalal Street Spikes

 According to market sources, players have been accumulating the Hero Honda stock in anticipation of good future growth. The company reported good vehicle sales for the month of November 2003.

 With sales of over two lakh units for the second consecutive month. Sales in November touched 2,04,533 units, up 28 per cent from the 1,59,753 units sold during the same month last year.

 For the second quarter ended 30 September 2003, Hero Honda reported a 11.9 per cent rise in net profit.