02 Apr , 2026 By : Debdeep Gupta
Hero MotoCorp share price shed more than 2 percent in the opening trade on April 2 despite the company announced better sales numbers for the month of March and acquiring stake in an associate company.
At 09:17am Hero MotoCorp was quoting at Rs 5,001.75, down Rs 122.40, or 2.39 percent, on the BSE.
The company has completed the acquisition of 2,68,219 Series E compulsorily convertible preference shares in Euler Motors for an aggregate consideration of ?210 crore. Following the transaction, Hero MotoCorp holds a 36.67% stake in Euler Motors on a fully diluted basis.
On the operational front, the company reported robust performance for March 2026, with dispatches rising 8.8% year-on-year to 5,98,198 units, compared to 5,49,604 units in the same period last year. Retail momentum remained strong, with VAHAN registrations at 5,42,436 units, marking a 24% growth.
Domestic sales stood at 5,52,505 units, while exports grew 15.62% year-on-year to 45,693 units. The export segment also recorded an all-time high growth of around 40% in FY26.
In the previous trading session, the stock closed at ?5,124.15, up ?63.80 or 1.26%. The stock has touched a 52-week high of ?6,390 and a low of ?3,322.60, and is currently trading 19.81?low its high and 54.22?ove its low.
The company’s market capitalisation stands at ?1.03 lakh crore.
0 Comment