Hero MotoCorp hits 16-month low, stock down 24% from Feb high; here's why

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Hero MotoCorp hits 16-month low, stock down 24% from Feb high; here's why - Business Standard

Quick Summary:

Shares of Hero MotoCorp were down 2% to Rs 3,455.30 on the BSE in intra-day deal and were trading at its lowest level since November 2023.

The stock price of the world’s largest manufacturer of motorcycles and scooters traded at its lowest level since November 2023.

Factoring in April to December period (9MFY25) performance analysts at BOB Capital Markets lowered the volume estimates leading to earnings revision too.