Hero MotoCorp fell 0.61% to Rs 2528 at 9:35 IST on BSE after the company said its two-wheeler sales rose 0.89% at 5.63 lakh units in January 2016 over January 2015.
The announcement was made by the company after market hours yesterday, 1 February 2016.Meanwhile, the BSE Sensex was up 37.85 points, or 0.15%, to 24,862.68.
On BSE, so far 1,430 shares were traded in the counter, compared with an average volume of 35,074 shares in the past one quarter. The stock hit a high of Rs 2,545.50 and a low of Rs 2,518 so far during the day. The stock hit a 52-week high of Rs 2,889.40 on 2 February 2015. 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 February 2016, sliding 5.69% compared with 5.11% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 1.93% as against Sensex's 6.87% fall.
The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Riding on the success of scooter range, driven by the new Maestro Edge and Duet, the company continues to expand its market share in the scooter segment, Hero MotoCorp said. The company's scooter sales rose 20% in January 2016 over January 2015.
Hero MotoCorp's net profit rose 1.1% to Rs 772.06 crore on 1.7% decline in net sales to Rs 6745.11 crore in Q2 September 2015 over Q2 September 2014.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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