Hero MotoCorp shares jump 6%; m-cap rises by Rs 3,218 crore after May sales data

New Delhi: Shares of Hero MotoCorp Monday jumped 6 per cent after the company reported 13.5 per cent rise in sales in May over the previous month.

The scrip advanced 6.01 per cent to close at Rs 2,842.50 on the BSE. During the day, it jumped 7.18 per cent to Rs 2,873.95.

At NSE, shares rose 5.77 per cent to close at Rs 2,835.


The scrip was the top gainer among the front-line companies on both key indices during the trade.

The company's market valuation went up by Rs 3,218.37 crore to Rs 56,772.37 crore on the BSE.

In terms of traded volume, 1.22 lakh shares were traded on the BSE and over 19 lakh shares on the NSE during the day.

The country's largest two-wheeler maker Hero MotoCorp Sunday reported 13.5 per cent rise in sales to over 6.5 lakh units in May over the previous month.

The company sold about 5.7 lakh units in April 2019, it said in a BSE filing.

"Hero MotoCorp reported sales of 6,52,028 units of motorcycles and scooters in May 2019. The company recorded a sequential increase in sales compared to the previous month (April 2019) when it sold 5,74,366 units of two-wheelers," the filing said.