Two-wheeler major Hero Motocorp rose as much as 1.94 percent intraday on Wednesday after better-than-expected sales numbers in December due to aggressive sales promotion and high dealer incentives.
The company sold 5.41 lakh units in last month of 2012, increased marginally compared to 5.40 lakh units sold in same month of previous year. However, sales jumped 8 percent compared to 5.02 lakh units sold in November.
Reports suggest that the company is doubling dealer commissions on incremental sales of motorcycles sold December onwards.
At 10:42 hours IST, the stock was up 1.36 percent at Rs 1,923.90 on the Bombay Stock Exchange.
Hero Motocorp stock price
On November 24, 2015, Hero Motocorp closed at Rs 2645.80, up Rs 8.55, or 0.32 percent. The 52-week high of the share was Rs 3271.80 and the 52-week low was Rs 2252.00.
The company's trailing 12-month (TTM) EPS was at Rs 129.30 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 20.46. The latest book value of the company is Rs 327.58 per share. At current value, the price-to-book value of the company is 8.08.
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