Hero Motor Co Share Price Today on 29-11-2024: Hero Motor Co share price are down by -0.64%, Nifty up by 0.87%
Hero Motor Co Share Price Today on 29 Nov 2024: On the last trading day, Hero Motor Co opened at ₹4834.75 and closed at ₹4752. The stock reached a high of ₹4834.75 and a low of ₹4749 during the day. This indicates a decline in the stock price, closing lower than the opening price.
Hero Motor Co Share Price Today on 29-11-2024: At 29 Nov 11:04 today, Hero Motor Co shares are trading at price ₹4752, -0.64% down from the previous closing price. Sensex is trading at ₹79814.69, up by 0.98%. The stock has hit a high of ₹4834.75 and a low of ₹4749 during the day.
On the technical front, the stock is trading above the 10 days SMA & lower than the 5,20,50,100,300 day SMA. The stock will have support at 10 days SMA & face resistance at 5,20,50,100,300 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 4807.03 |
| 10 | 4736.55 |
| 20 | 4805.41 |
| 50 | 5290.76 |
| 100 | 5364.20 |
| 300 | 5101.67 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹4873.52, ₹4960.18, & ₹5010.42, whereas it has key support levels at ₹4736.62, ₹4686.38, & ₹4599.72.
Hero Motor Co Share Price Today
Till 11 AM today, the volume traded on NSE & BSE for Hero Motor Co was -90.44% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, While the stock is displaying initial signs of bottoming out, investors are advised to await confirmation of a bullish short-term trend before considering a reversal..
From a fundamental analysis perspective, the company has a ROE of 21.80% & ROA of 14.95% respectively.The current P/E of the stock is at 23.16 & P/B is at 5.03.
The median 1-year forecasted upside in this share is at 11.81% with a target price of ₹5313.00.
The company has a 0.00% promoter holding, 14.57% MF holding, & 29.58% FII holding as per filings in the september quarter.
The MF holding has increased from 13.75% in june to 14.57% in the september quarter.
The FII holding has decreased from 29.86% in june to 29.58% in the september quarter.
Hero Motor Co share price down -0.64% today to trade at ₹4752 while its peers are mixed. Its peers such as are falling today, but its peers Eicher Motors, TVS Motor Co, Tube Investments Of India, Ok Play India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.87% & 0.98% each respectively.
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