Tuesday 2 September 2014

Hero MotoCorp rises on reporting 21.43% rise in August sales


BSE Code - 500182
Face Value - Rs 2.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 39.92%
                                  (b)Institutions - 41.96%
                                  (c)Non-Institutions - 18.12%
One year High-Low - Rs 2820.40 - Rs 1879.00
     Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
   The country’s largest two-wheeler maker Hero MotoCorp has reported 21.43% rise in its total sales at 5,58,609 units in August 2014 as compared to 4,59,996 units sold in the same month last year.
    Moreover, the company will keep up with the growth momentum for the festive season with as many as 10 new launches, including new models, upgrades and refreshes during this period.
     Current price of share is Rs 2801.65 , up by 42.40 points from its previous closing of Rs 2759.25 on the BSE.

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