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Indian Stock Market Updates March 24, 2020

Markets will remain closed on 14^th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

HERO MOTOCORP Surges by 5%; BSE AUTO Index Up 3.4%
Tue, 24 Mar 01:25 PM

HERO MOTOCORP share price has zoomed 5% and is presently trading at Rs 1,727.

Meanwhile, the BSE AUTO Index is at 10,953 (up 3.4%).

Among the top Gainers in the BSE AUTO Index today are HERO MOTOCORP (up 5.2%) and MARUTI SUZUKI (up 5.6%).

CUMMINS INDIA (down 0.1%) and M&M (down 1.4%) are among the top losers today.

Over the last one year, HERO MOTOCORP has moved down from Rs 2,580 to Rs 1,727, registering a loss of Rs 854 (down 34.1%).

On the other hand, the BSE AUTO has moved down from 18,589 to 10,953, loss of 7,636 points (down 41.4%) during the last 12 months.

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 3.9%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 12.3%), INFOSYS (up 8.6%) and HUL (up 7.6%). Other gainers include HCL TECHNOLOGIES (up 7.4%) and RELIANCE IND. (up 6.0%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 3.9%). The top gainers in the NSE Nifty include BRITANNIA (up 12.8%), ADANI PORTS & SEZ (up 11.0%) and BAJAJ FINANCE (up 10.9%). Other gainers include INFOSYS (up 9.3%) and HCL TECHNOLOGIES (up 7.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 28.63%).

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 9.1x.