Hero MotoCorp hits 2-year low; stock falls 20% in three months

The stock was trading lower for the 12th straight day, down 1% at Rs 2,517, its lowest level since March 1, 2016 on the BSE.

Shares of Hero MotoCorp (HMCL) hit a two-year low of Rs 2,517, down 1 per cent on the BSE in otherwise strong market, on concerns of slowing demand growth. The stock hit its lowest level since March 1, 2016.

The stock has been losing ground for 12 consecutive days and has lost 11 per cent during this period, as compared to 4 per cent rise in S&P BSE Sensex. In the past three months, it has slipped 20 per cent against 7 per cent gain in the benchmark index.

HMCL has faced major headwinds in the last nine