Hero MotoCorp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2998.9, up 0.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.65% on the day, quoting at 11538.65. The Sensex is at 39127.52, up 0.7%. Hero MotoCorp Ltd has risen around 2.45% in last one month.

Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has risen around 2.54% in last one month and is currently quoting at 7956.8, up 1.37% on the day. The volume in the stock stood at 8.89 lakh shares today, compared to the daily average of 18.65 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 3016.45, up 0.82% on the day. Hero MotoCorp Ltd is up 9.5% in last one year as compared to a 4.86% spurt in NIFTY and a 10.48% spurt in the Nifty Auto index.

The PE of the stock is 24.05 based on TTM earnings ending June 20.

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Hero MotoCorp Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2903.9, down 3.06% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 11465.4. The Sensex is at 38865.8, down 0.09%.Hero MotoCorp Ltd has gained around 10.36% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has increased around 8.23% in last one month and is currently quoting at 7885.95, down 0.63% on the day. The volume in the stock stood at 18.89 lakh shares today, compared to the daily average of 17.35 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 2915, down 3.24% on the day. Hero MotoCorp Ltd jumped 13.55% in last one year as compared to a 6.18% rally in NIFTY and a 13.61% spurt in the Nifty Auto index.

The PE of the stock is 24.08 based on TTM earnings ending June 20.

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On a sequential basis, the company sales grew by 13% from 514,509 units sold in the month of July 2020.

Total domestic sales in the month of August 2020 stood at 568,674 units, registering a rise of 8.5% from 524,003 units sold in August 2019. Exports declined nearly 19% YoY to 15,782 in August 2020.

Hero MotoCorp said the company is witnessing a strong retail off-take and is currently operating in pullmarket with rural and semi-urban centers driving demand. With August marking another step forward in the market's recovery, the company is cautiously anticipating sales to continue their upward trajectory with favorable factors such as the upcoming festive season, increasing consumer confidence and continued government policy support, Hero MotoCorp said.

The two wheeler maker also clarified that it is operating at nearly 100% production capacity with almost all customer touchpoints open, the company remains committed to the health and safety of everyone in its ecosystem, including its customers.

Hero MotoCorp is the largest two-wheeler manufacturer in the world. The company's net profit slumped 92% to Rs 61.31 crore on a 63% decline in net sales to Rs 2971.54 crore in Q1 June 2020 over Q1 June 2019.

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Hero MotoCorp sold 584,456 units of motorcycles and scooters inthe month of August 2020, a growth of 7.55% over the corresponding month of the previous year (August 2019) when it sold 543,406 units.

Sequentially, this translates into a growth of 13% over the month of July 2020, when the Company had sold 514,509 units.

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