Tuesday, November 01, 2005

Hero Honda firms up after reporting strong monthly sales growth


The stock declined from the peak of Rs 762.75 on 04 October 2005 to close at
Rs 687.75 on 19 October 2005 on profit taking.

Hero Honda edged higher today after it reported a 23% rise in bike sales for
the month of October 2005 to 3.01 lakh units. Exports rose 14% to 6,357
units. On a month on month basis, sales rose 13% from 2.66 lakh units in
September 2005.

Hero Honda has recorded a 22% rise in motorcycles sales for the month of
September 2005 to 266,071 units (217,507 motorcycles sold in September
2004).

Hero Honda's net profit spiraled up 23% in Q2 ended September 2005 to Rs 238
crore (Rs 194 crore). Total turnover (net of excise) rose 22.8% to Rs
2,209.36 crore from Rs 1,798.23 crore, on the back of strong volume growth.

Hero Honda's strong performance came on the back of strong rural sales and a
good response to its newly launched 125cc motorcycle, Glamour.

Munjal Group two-wheeler and mopeds manufacturing company, Hero Honda's
latest paid-up equity share capital stands at Rs 39.94 crore of which FIIs
hold 27.07% while promoters control 54.95% stake (as of 30 September 2005).

1 Comments:

Blogger www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.

Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.

All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
If you are day trader be a strict intraday trader then , clear your goals and trade with strict stoploss and target if you want to earn.



Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

2:49 AM  

Post a Comment

<< Home

Free promotion
Indian Stock Quotes Symbol?