Hero MotoCorp rose 2.81% to Rs 3,645 at 15:00 IST on BSE after the company said its total sales rose 20% to 7.30 lakh units in March 2018 over March 2017.
The announcement was made during trading hours today, 2 April 2018.Meanwhile, the S&P BSE Sensex was up 233.06 points, or 0.71% to 33,201.74.
On the BSE, 13,000 shares were traded in the counter so far compared with average daily volumes of 34,000 shares in the past two weeks. The stock had hit a high of Rs 3,645 and a low of Rs 3,510 so far during the day. The stock hit a record high of Rs 4,200 on 23 August 2017. The stock hit a 52-week low of Rs 3,180 on 29 March 2017.
Hero MotoCorp clocked its highest-ever annual sales of 75,87,130 units in the financial year ended March 2018 (April 2017-March 2018), which translates to a double-digit growth of about 14% over the corresponding fiscal year ended March 2017 with sales of 66,64,240 units of two-wheelers.
Hero MotoCorp clocked its highest-ever monthly sales of 730,473 units in March 2018, registering a growth of 20%. The company sold 609,951 units in March 2017.
In March 2018, Hero MotoCorp commenced construction at its eighth manufacturing facility in Chittoor in Andhra Pradesh. With this additional facility, the Company will have a cumulative capacity of 11 million units annually. The company currently has an installed capacity of 9.2 million units per annum.
Hero MotoCorp said it continues to command more than 50% market share in the domestic motorcycle segment.
Hero MotoCorp's net profit rose 4.32% to Rs 805.43 crore on 14.78% growth in net sales to Rs 7305.49 crore in Q3 December 2017 over Q3 December 2016.
Hero MotoCorp is the world's largest manufacturer of two-wheelers.
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