(PTI) Shares of Hero MotoCorp on Friday jumped over 3 per cent after the company said its wholesales increased 7 per cent year-on-year to 5,19,474 units in May.
The stock climbed 3.25 per cent to settle at ₹2,891.95 on the BSE. During the day, it rallied 3.95 per cent to ₹2,911.65.
At the NSE, it gained 3.09 per cent to finish at ₹2,887.
The company's market valuation climbed ₹1,819.11 crore to ₹57,793.21 crore.
The two-wheeler maker had dispatched 4,86,704 units to dealers in the year-ago period.
Domestic sales stood at 5,08,309 units last month compared to 4,66,466 units in May 2022.
Exports, however, declined to 11,165 units from 20,238 units in the year-ago period.
"The momentum is expected to continue in the coming months, driven by an uptick in customer sentiments, forecast of normal monsoon and a host of new launches in the premium segment," the company stated.