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Hero Motocorp Plunges 4%; BSE AUTO Index Up 0.2%
Wed, 14 Aug 9:37

Hero Motocorp Plunges 4%; BSE AUTO Index Up 0.2%Image source: phive2015/www.istockphoto.com

Hero Motocorp share price has plunged 4% and is presently trading at Rs 5,122.0.

Meanwhile, the BSE AUTO index is at 56,854.9 (up 0.2%).

Among the top losers in the BSE AUTO index today are Escorts (down 0.9%) and Bosch (down 0.8%).

Motherson Sumi (up 2.0%) and M&M (up 1.1%) are among the top gainers today.

Over the last one year, Hero Motocorp has moved up from Rs 3,007.6 to Rs 5,122.0, registering a gain of Rs 2,114.5 (up 70.3%).

On the other hand, the BSE AUTO index has moved up from 34,972.6 to 56,854.9, registering a gain of 62.6% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 111.1%), Bajaj Auto (up 110.3%) and TVS Motors (up 96.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,928.3 .

The top losers among the BSE Sensex today are Ultratech Cement (down 2.1%) and MUNDRA PORT & SEZ (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,130.0 . Divis Laboratories and Ultratech Cement are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 78,928.3, registering a gain of 13,526.3 points (up 20.7%).

Hero Motocorp Financial Update...

Hero Motocorp net profit grew 36.6% YoY to Rs 10,864 million for the quarter ended June 2024, compared to a profit of Rs 7,950 million a year ago. Net sales rose 15.4% to Rs 102,108 million during the period as against Rs 88,510 million in April-June 2023.

For the year ended March 2024, Hero Motocorp reported 33.7% increase in net profit to Rs 37,422 million compared to net profit of Rs 27,999 million during FY23. Revenue of the company grew 10.6% to Rs 377,886 million during FY24.

The current Price to earnings ratio of Hero Motocorp, based on rolling 12 month earnings, stands at 24.7.


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