Hero MotoCorp Ltd rose for a fifth straight session today. The stock is quoting at Rs 2441, up 1.23% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 12293.1. The Sensex is at 41702.19, down 0.6%. Hero MotoCorp Ltd has added around 5.74% in last one month.

Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has added around 3.89% in last one month and is currently quoting at 8289.3, up 0.15% on the day. The volume in the stock stood at 4.32 lakh shares today, compared to the daily average of 7.8 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 2445.8, up 1.06% on the day. Hero MotoCorp Ltd is down 15.24% in last one year as compared to a 12.88% gain in NIFTY and a 6.37% gain in the Nifty Auto index.

The PE of the stock is 15.1 based on TTM earnings ending September 19.

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Hero MotoCorp will hold a meeting of the Board of Directors of the Company on 6 February 2020.

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The two-wheeler major sold 424,845 units in December 2019 compared with 453,985 units in the corresponding month of the previous year.

Domestic sales declined 5.63% to 4,12,009 units while exports slumped 26.2% to 12,836 units in December 2019 over December 2018.

On month-on-month basis, total sales declined 17.79% to 4,24,845 units in December 2019 as against 516,775 units in November 2019.

Shares of Hero MotoCorp fell 0.23% to Rs 2423.65, extending its losing streak to fourth session. The stock has lost 2.22% in last four trading sessions from its previous closing high of Rs 2478.80 on 30 December 2019.

On consolidated basis, the company's net profit fell 5.1% to Rs 926.97 crore on a 16.4% decline in net sales to Rs 7660.27 crore in Q2 September 2019 over Q2 September 2018.

Hero MotoCorp is a motorcycle and scooter manufacturer. The company is the largest two-wheeler manufacturer in the world, and also in India, where it has a market share of about 46% in the two-wheeler category.

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Hero MotoCorp sold 424,845 units of two-wheelers in December 2019, as compared to 453,985 units in December 2018. The total sales included domestic sales of 412,009 units and exports of 12,836 units.

In the first three quarters of the Financial Year 2020 (FY'20) the Companysold 50,75,208 units of motorcycle and scooters.

Hero MotoCorp is rapidly migrating to the BS-VI regime and has alreadylaunched two exciting motorcycles - the Splendor iSmart BS-VI and HFDeluxe BS-VI in quick succession.

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