Hero MotoCorp rose 1.54% to Rs 3,466.30 at 09:49 IST on BSE after the company reported 13% growth in sales to 7.04 lakh units of motorcycles and scooters in June 2018 over June 2017.
The announcement was made after market hours yesterday, 2 July 2018.Meanwhile, the S&P BSE Sensex was up 94.73 points, or 0.27% to 35,359.14.
On the BSE, 4717 shares were traded in the counter so far compared with average daily volumes of 15,000 shares in the past two weeks. The stock had hit a high of Rs 3,483.80 and a low of Rs 3,444 so far during the day. The stock hit a record high of Rs 4,200 on 23 August 2017. The stock hit a 52-week low of Rs 3,353.75 on 23 March 2018.
With monsoon already hitting many parts of the country, the positive consumption pattern is expected to continue in the coming months. Hero MotoCorp is geared-up with an array of products - including its premium motorcycle and the new scooter range - to add to the positive sentiments and further delight the customers.
Hero MotoCorp has made an upward revision in the prices of its motorcycles and scooters, with immediate effect. The upward revision in the prices has been done to partially off-set the consistently rising input costs, including the prices of commodities, and currency depreciation. The exact quantum of the increase varies - on the basis of the particular model and the specific market - upto Rs 500 at ex-showroom level.
Hero MotoCorp's net profit rose 34.78% to Rs 967.40 crore on 23.71% growth in net sales to Rs 8564.04 crore in Q4 March 2018 over Q4 March 2017.
Hero MotoCorp is the world's largest manufacturer of two-wheelers.
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