Hero MotoCorp sales rose 28% at 6.16 lakh units in August


Hero MotoCorp gains 1.08% to Rs 3,585.10 at 09:36 Ist on BSE following the corporation accounted a 28% expansion in total sales at 6.16 lakh units in August 2016 over August 2015. The declaration was made following market hours yesterday, 1 September 2016. For now, the S&P Bse Sensex was increase 61.38 points, or 0.22%, to 28,484.86. On BSE, so far 8,319 shares were buying and selling in the counter, compared with average daily volume of 27,812 shares in the precedent one quarter.

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The stock hit an elevated of Rs 3,614.35 so far throughout the day, which is a record superior for the counter. The stock hit an inferior of Rs 3,569.45 so far throughout the day. The stock hit a 52-week low of Rs 2,259.10 on 7 September 2015. The stock had outperformed the market over the precedent 30 days till 1 September 2016, rising 9.57% compared with 2.62% increase in the Sensex.

The scrip had also outperformed the market in precedent one quarter, growing 12.71% as next to Sensex's 5.89% climb. The large-cap corporation has an equity capital of Rs 39.94 crore. Face value per share is Rs 2. At the time of declaration of the monthly sales volume data, Hero MotoCorp has also further conveyed that, the corporation will introduce 15 new products across segments in domestic and international markets in the year concluding 31 March 2017 (FY 2017) out of which three motorcycles will be initiated in the domestic market previous to the festive season.

 These encompass the new Achiever 150cc motorcycle and the Super Splendor and Passion PRO motorcycles with the Hero patented i3S technology. Hero MotoCorp's net profit increase 18.13% to Rs 883.10 crore on 7.28% augment in total income to Rs 7,519.29 crore in Q1 June 2016 over Q1 June 2015. Hero MotoCorp is the world's largest two-wheeler producer in terms of manufacture capacity.

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