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Hero Motocorp Plunges 4%; BSE AUTO Index Down 2.3%
Thu, 17 Oct 9:27

Hero Motocorp Plunges 4%; BSE AUTO Index Down 2.3%Image source: ThinkNeo/www.istockphoto.com

Hero Motocorp share price has plunged 4% and is presently trading at Rs 5,201.6.

Meanwhile, the BSE AUTO index is at 57,502.5 (down 2.3%).

Among the top losers in the BSE AUTO index today are Bajaj Auto (down 7.4%) and TVS Motors (down 3.6%).

Tata Motors (up 0.2%) is among the top gainers today.

Over the last one year, Hero Motocorp has moved up from Rs 3,160.1 to Rs 5,201.6, registering a gain of Rs 2,041.5 (up 64.6%).

On the other hand, the BSE AUTO index has moved up from 37,437.3 to 57,502.5, registering a gain of 53.6% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 120.0%), Bajaj Auto (up 111.8%) and Motherson Sumi (up 109.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,526.2 .

The top gainers among the BSE Sensex today are L&T (up 1.1%) and Infosys (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,940.2 (down 0.1%). Bajaj Auto and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,526.2, registering a gain of 15,359.3 points (up 23.2%).

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 25.0.


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