Trending stocks: Hero MotoCorp shares down over 1%
A total of 26,773 shares changed hands on the counter till 11:02AM (IST).
By ETMarkets.com | Updated:
PTI
Total market cap of the Hero MotoCorp Ltd. stood at Rs 41762.51 crore at the time of writing this report.
NEW DELHI: Shares of Hero MotoCorp traded 1.07 per cent down in Friday's trade at 11:02AM (IST). Around 26,773 shares changed hands on the counter.
The stock opened at Rs 2125.0 and touched an intraday high and low of Rs 2147.0 and Rs 2084.65, respectively, in the session so far. Shares of the company of Hero MotoCorp Ltd. quoted a 52-week high of Rs 3021.15 and a 52-week low of Rs 1475.0.
Total market cap of the Hero MotoCorp Ltd. stood at Rs 41762.51 crore at the time of writing this report.
The country's largest two-wheeler maker Hero MotoCorp said state-owned LIC has increased its stake in the company to 7.146 per cent through acquisition of shares from the open market over a period of time.
Key Financials
The company reported consolidated net sales of Rs 7074.53 crore for the quarter ended 31-Dec-2019, down 7.65 per cent from previous quarter's Rs 7660.27 crore and down 10.87 per cent from the year-ago quarter's Rs 7936.88 crore.
Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 7.96 per cent stake in the firm, while foreign institutional investors held 34.27 per cent and the promoters 34.63 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 10.98 and a price-to-book ratio of 3.15. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Hero MotoCorp Ltd. belongs to the Auto - 2 & 3 Wheelers industry.
The stock opened at Rs 2125.0 and touched an intraday high and low of Rs 2147.0 and Rs 2084.65, respectively, in the session so far. Shares of the company of Hero MotoCorp Ltd. quoted a 52-week high of Rs 3021.15 and a 52-week low of Rs 1475.0.
Total market cap of the Hero MotoCorp Ltd. stood at Rs 41762.51 crore at the time of writing this report.
The country's largest two-wheeler maker Hero MotoCorp said state-owned LIC has increased its stake in the company to 7.146 per cent through acquisition of shares from the open market over a period of time.
Key Financials
The company reported consolidated net sales of Rs 7074.53 crore for the quarter ended 31-Dec-2019, down 7.65 per cent from previous quarter's Rs 7660.27 crore and down 10.87 per cent from the year-ago quarter's Rs 7936.88 crore.
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The net profit for latest quarter stood at Rs 901.81 crore, up 16.32 per cent from the same quarter a year ago. Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 7.96 per cent stake in the firm, while foreign institutional investors held 34.27 per cent and the promoters 34.63 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 10.98 and a price-to-book ratio of 3.15. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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Hero MotoCorp Ltd. belongs to the Auto - 2 & 3 Wheelers industry.
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