New Delhi, Nov. 4 -- Hero MotoCorp share price in focus: Hero MotoCorp, one of the world's largest two-wheeler manufacturers, came under severe selling pressure in Tuesday's trade, November 4, with the stock crashing 5% to the day's low of Rs.5,258 apiece, its lowest level in six weeks.
The sharp fall came after the company released its October sales update, which showed that domestic sales came lower than expected, even as exports continued to remain firm.
The company's domestic wholesale dispatches stood at 6,04,829 units, an 8% decline compared to 6,57,403 units dispatched in the same period last year.
On a year-to-date basis too, wholesale dispatches were lower by 3.2%, at 34,86,604 units versus 35,98,069 units in the corresponding...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.