Hero MotoCorp trades lower for ninth straight day; stock nears 52-week low

In the past one year, the stock has slipped 26 per cent on account of volumes slackness followed by competitive intensity

Shares of Hero MotoCorp were trading lower for the ninth straight day, down 1 per cent, at Rs 2,571 in intra-day trade on the BSE on Monday. The stock is trading close to its 52-week low price of Rs 2,562, hit on January 31, 2019 in intra-day trade.

In past two weeks, the two-wheeler company has underperformed the market by falling 9 per cent, on concerns of slower demand growth. In comparison, the benchmark S&P BSE Sensex was up 1.9 per cent during the same period. In the past one year, the stock has slipped 26 per cent, against 15