HERO MOTOCORP Plunges by 6%; BSE AUTO Index Down 6.5%
March 19, 2020 09:49 AM

HERO MOTOCORP share price has plunged 6% and is presently trading at Rs 1,670.

Meanwhile, the BSE AUTO Index is at 11,918 (down 6.5%).

Among the top losers in the BSE AUTO Index today are HERO MOTOCORP (down 5.7%) and EICHER MOTOR (down 5.3%).

Over the last one year, HERO MOTOCORP has moved down from Rs 2,672 to Rs 1,670, registering a loss of Rs 1,002 (down 37.5%)..

The BSE AUTO has moved down from 19,428 to 11,918, loss of 7,510 points (down 38.7%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were MRF LTD. (up 1.7%).

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.3%). The top gainers among the BSE Sensex stocks today are NTPC (up 3.1%) and POWER GRID (up 2.7%). The most traded stocks in the BSE Sensex are NTPC and POWER GRID.

In the meantime, NSE Nifty is at 8,099 (down 5.9%). NTPC (up 5.0%) and POWER GRID (up 3.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 29.02%).

HERO MOTOCORP Financial Update...

HERO MOTOCORP net profit stood at Rs 9 billion for the quarter ended December 2019, compared to a profit of Rs 8 billion a year ago. Net Sales declined 11.0% to Rs 70.0 billion during the period as against Rs 78.6 billion in October-December 2018.

For the year ended March 2019, HERO MOTOCORP reported 7.3% decrease in net profit to Rs 34.1 billion compared to net profit of Rs 36.7 billion during FY18.

Revenue of the company grew 2.6% to Rs 340 billion during FY19.

The current Price to earnings ratio of HERO MOTOCORP, based on rolling 12 month earnings, stands at 8.5x.