Trending stocks: Hero MotoCorp shares rise over 3%

NEW DELHI: Shares of Hero MotoCorp Ltd. traded 3.5 per cent up in Wednesday's trade at 09:58AM (IST). Around 32,876 shares changed hands on the counter.

The scrip opened at Rs 2439.0 and touched an intraday high and low of Rs 2517.1 and Rs 2438.0, respectively, in the session so far. The stock 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 50014.74 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 6333.51 crore for the quarter ended 31-Mar-2020, down 10.47 per cent from previous quarter's Rs 7074.53 crore and down 20.36 per cent from the year-ago quarter's Rs 7953.1 crore.

The net profit for latest quarter stood at Rs 604.63 crore, down 21.62 per cent from the corresponding quarter last year.

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 P/E multiple of 13.75 and a price-to-book ratio of 3.44. 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.