Hero Motor Corp Shares Fall As Company Reports Decline In Aug Sales

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    Shares in Hero Motor Corp shed more than 2.5 per cent in trade after sales figures of the company for the month of August declined.

    Hero Motor Corp Shares Fall As Company Reports Decline In Aug Sales
    Hero MotoCorp: Quotes, News
    BSE 2970.00BSE Quote52.8 (1.78%)
    NSE 2961.90NSE Quote39.75 (1.34%)
    The stock was last trading at Rs 2329 after the company reported a 13.97 per cent decline in sales at 4,80,537 units for the month of August. The company had sold 5,58,609 units in the same month last year.

    Hero Motor Corp shares have been on a decline as investors continued to remain worried that sales in rural areas could be hit due to the monsoon affect.

    The stock had hit a 52-week high earlier of Rs 3271. The upcoming festival season may revive demand for the company's products.


    Read more about: hero motocorp
    Story first published: Wednesday, September 2, 2015, 10:54 [IST]
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