Hero Motocorp up 2% on better than expected Dec sales data

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.
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Jan 02, 2013, 01.31 PM | Source: Moneycontrol.com

Hero Motocorp up 2% on better than expected Dec sales data

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.

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Hero Motocorp up 2% on better than expected Dec sales data

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.

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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.

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Hero Motocorp stock price

On June 24, 2016, Hero Motocorp closed at Rs 3055.95, down Rs 6.75, or 0.22 percent. The 52-week high of the share was Rs 3207.90 and the 52-week low was Rs 2259.10.


The company's trailing 12-month (TTM) EPS was at Rs 156.86 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 19.48. The latest book value of the company is Rs 484.44 per share. At current value, the price-to-book value of the company is 6.31.

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