Hero MotoCorp shares slip to over 5-year low, tumble 12% in February

The company has said the loss due to the ongoing issue of Coronavirus, if any, is not quantifiable and will depend on the developing situation in China.

Shares of Hero MotoCorp (HMCL) slipped 2 per cent intra-day to hit an over five-year low of Rs 2,192 on the BSE on Monday amid concerns that the volume weakness might continue in the next 2-3 quarters due to inventory correction with dealers and notable price increases as a result of the BSVI transition. The two-wheeler major's stock was trading at its lowest level since May 2014.

Thus far in the month of February, HMCL has underperformed the market by falling 12 per cent, after the company said, on February 14, that its production is likely to be impacted