News Details

( 02/08/2018 09:27)
Hero MotoCorp posts another month of strong sales growth

Hero MotoCorp , the world’s largest single two - wheeler manufacturer, has said that it has raced into Q2 with yet another month of strong sales growth.

With continued strong demand for its range of popular motorcycles and scooters, Hero MotoCorp sold 679,862 units of two - wheeler in the month of July 2018 , registering a growth of 9 % over the corresponding month of the previous fiscal when it sold 6 23,269 units.

Commenting on the issue, Pawan Munjal, Chairman, MD, and CEO, Hero MotoCorp, said, "We are confident of carrying the growth trajectory forward and expect to grow at double - digit in the upcoming festive season. The normal monsoon in most parts of the country, and the consequent agricultural harvest will keep the sentiments buoyant and help maintain the momentum . Economic growth, rural investments and initiatives such as MSP, MNREGA etc. augur well for the future growth of the industry.”

Meanwhile, shares of the company were trading at Rs 3233.50 apiece down 1.18 per cent from the previous close at 09:30 hrs on BSE.

ATTENTION INVESTORS 1 : "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case | 2 : "Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. | 3 : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

SEBI Regn. NSE: INB231280430 I F&O: INF231280430 I BSE: INB011280436 I NSE CD: INE231280430 I MCX-SX: INE261280430

Copyright © 2017 Rikhav Securities Ltd. All rights reserved

Designed , Developed & Content Powered by DION