Hero MotoCorp gained more tha half a percent to Rs 3,345.50 on BSE after the company said its total motorcycle sales rose 3.65 percent to 6.63 lakh units in October 2016 over October 2015.
Hero MotoCorp said it was its third consecutive month of six lakh plus sales. The announcement was made after market hours yesterday, 2 November 2016.
Meanwhile, the BSE Sensex was up 11.36 points, or 0.04 percent, to 27,538.58.
On BSE, so far 4,696 shares were traded in the counter, compared with average daily volume of 31,453 shares in the past one quarter. The stock hit a high of Rs 3,351.45 and a low of Rs 3,317 so far during the day. The stock hit a record high of Rs 3,739.90 on 8 September 2016.
The stock hit a 52-week low of Rs 2,375 on 18 January 2016. The stock had underperformed the market over the past 30 days till 2 November 2016, falling 5.87 percent compared with the 2.85 percent decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 1.66 percent as against Sensex's 0.68 percent decline.
The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Net profit of Hero MotoCorp rose 27.74 percent to Rs 1004.22 crore on 14.20 percent rise in net sales to Rs 7669.53 crore in Q2 September 2016 over Q2 September 2015.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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