scorecardresearchHero MotoCorp shares climb over 3% as wholesales rise

Hero MotoCorp shares climb over 3% as wholesales rise

Updated: 02 Jun 2023, 06:13 PM IST
TL;DR.

  • 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.

The company's market valuation climbed  <span class='webrupee'>₹</span>1,819.11 crore to  <span class='webrupee'>₹</span>57,793.21 crore.

The company's market valuation climbed 1,819.11 crore to 57,793.21 crore.

(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.

Article
Hero MotoCorp vs TVS Motor
First Published: 02 Jun 2023, 06:13 PM IST