Hero MotoCorp shares rise 3% on better sales

New Delhi: Shares of Hero MotoCorp ended more than 3 percent higher on Monday after the firm reported a rise in total sales for March.

The stock of the two-wheeler maker continued its upward trend for the third consecutive trading session.

The shares of Hero MotoCorp climbed 3.70 percent to settle at Rs 2,434 apiece on the BSE.

On the NSE, it gained 3.48 percent to end at Rs 2,429 per piece.

In volume terms, nearly 16,000 shares of the firm were traded on the BSE, and 7.87 lakh shares were traded on the NSE, during the day.

Meanwhile, the 30-share BSE Sensex benchmark closed 114.92 points or 0.19 percent up at 59,106.44 points.

On Saturday, Hero MotoCorp said its total sales rose 15 percent to 5,19,342 units in March 2023 as compared to 4,50,154 units in the same month last year.

Domestic sales last month were at 5,02,730 units as against 4,15,764 units in March 2022, the company said.

The domestic sales of the two-wheeler major in FY23 stood at 51,55,793 units as compared to 46,43,526 units in FY22, a growth of 11 percent, it added.