Hero MotoCorp ends flat post bumper sales in festive period
The stock fell after the two-wheeler major clocked over 10 lakh units in retail sales during the festive season this year.
- Nov 19, 2015,
- Updated Nov 19, 2015 4:12 PM IST
Shares of Hero MotoCorp surged over 4 per cent in trade on Thursday after the two-wheeler major clocked over 10 lakh units in retail sales during the festive season this year.
The stock ended flat after surging as much as 4.32 per cent to touch an intraday high of Rs 2,683.80 on the Bombay Stock Exchange (BSE).
On the NSE, the stock saw similar movement and jumped 4.23 per cent to touch a high of Rs 2,683.80.
The company after market hours yesterday had said "thanks to the phenomenal customer response to our range of products, including all the new launches, the one million unit landmark was achieved during the 35-day festive period starting with the Navratras".
This is a robust 11 per cent growth over corresponding period last year, it added.
"Our two new scooters - Maestro Edge and Duet - have been blockbusters and there has also been phenomenal demand for the new Splendor PRO," the company said.
These, along with the robust sales of Passion PRO and Glamour bikes, and the continuing popularity of Pleasure and Maestro scooters have resulted in this double digit growth, it added.
(With inputs from PTI)
Shares of Hero MotoCorp surged over 4 per cent in trade on Thursday after the two-wheeler major clocked over 10 lakh units in retail sales during the festive season this year.
The stock ended flat after surging as much as 4.32 per cent to touch an intraday high of Rs 2,683.80 on the Bombay Stock Exchange (BSE).
On the NSE, the stock saw similar movement and jumped 4.23 per cent to touch a high of Rs 2,683.80.
The company after market hours yesterday had said "thanks to the phenomenal customer response to our range of products, including all the new launches, the one million unit landmark was achieved during the 35-day festive period starting with the Navratras".
This is a robust 11 per cent growth over corresponding period last year, it added.
"Our two new scooters - Maestro Edge and Duet - have been blockbusters and there has also been phenomenal demand for the new Splendor PRO," the company said.
These, along with the robust sales of Passion PRO and Glamour bikes, and the continuing popularity of Pleasure and Maestro scooters have resulted in this double digit growth, it added.
(With inputs from PTI)