Hero’s stocks pile up as the Coronavirus outbreak halts economic activity

-
The Indian motorcycle and scooter manufacturer is the largest scoter manufacturer in the world, and also in India which has a market share of 46% in the two-wheeler category. The company’s unique models and user-friendly design of the two-wheeler makes it a competitive advantage for the company as it provides variety of collections in the two-wheeler segment. The business operations of the company has been stopped as the fear of the pandemic spread across the globe causing countries to lockdown as a part of preventive measures.

The following chart of Ichimoku cloud indicator shows the bullish trend for the stock as it increased by 2% during the previous trading session. Despite the declaration of the interim dividend, the stock prices were falling due to  increase in the fear of the pandemic cases across the countries which has totaled above 4 lakh cases. The outbreak has hit hard while the market sentiments for the stock has been strong which has been denoted by the bullish candlesticks over the past trading sessions.


The automobile sector has been facing a hardtime as the decision of lockdown has caused losses to its operations as the deadline for selling the BS4 two-wheelers would be sold or registered from April 1. But the company has requested permission from the SC to provide extension for winding up sales of the BS$ complaint vehicles by May 31. There are over 4-6 lakh BS4 two-wheelers which have been piled-up by the companies which would account for Rs.4600 crore which has been paused by the government through lockdown.

The following chart of Bollinger bands also shows the downfall of the stock since the spread of the Coronavirus as the stock fell by 32% from 1st February 2020. The Bollinger bands also shows an expansion in the width of the band as the volatility of the stock has increased over the period. Also the candlesticks formed are bullish which have already reached the lower band indicating a shift in the trend for the stock.

Comments

Post a Comment

Popular posts from this blog

WHAT'S IT LIKE TO LIVE IN THE HOSTELS OF CHRIST LAVASA?

-
Image
“From holding the keys for the first time and being nervous to stepping into a doorway of comfort, the hostel rooms are home here.” Life at CHRIST Hostel, Lavasa is beyond the norms of what people perceive as the regular hostel experience. With a unique setup, the Lavasa hostels offer a new-age lifestyle along with security. Students who live in the hostel experience a life less ordinary for several reasons: A diverse community The rooms here are not of the dormitory nature but are in the form of apartments and villas. Students get to interact with people of multiple ethnicities and varied cultural backgrounds while availing themselves of personal space. This not only widens their cultural horizon but helps everyone accept each other, get exposure to different traditions, and have a chance to find their true tribe in this city. “ Truly, North meets South and East meets West here at home. ” Form of independence For most students, the college hostel is the first experience of being alone...
Read more

PANEL DISCUSSION ON LEADERSHIP & ENTREPRENEURSHIP DEVELOPMENT SKILLS

-
Image
The School of Commerce, Finance and Accountancy organized a "Panel Discussion on Leadership and Entrepreneurship Development Skill " on 4th March 2022 at 1:30 PM at CHRIST (Deemed to be University), Pune Lavasa Campus.   Ms Ayushi Chandna student of 6 BCom (Financial Analytics) commenced the session with silent prayer & briefed about the Panel Discussion. This was followed by an introduction about the resource persons by Ms Pretty Rose Sebastian & Mr Shreeyash Goel, Students of 6 BCom (Financial Analytics). The Head of the Department, Dr Vandana Bhagat addressed the session and welcomed the Resource persons. The Session Moderator Dr Jayant Mahajan started with setting the context about the Panel Discussion with his collective years of experience and expertise in the field, Then the First Resource Person Mr Rajiv Chelladurai discussed the Leading Self, Emotional Intelligence, Relationship Builder, Continuous learner and the Problem Solver. The students were asked quest...
Read more

WEBINAR ON ROLE OF DIGITAL MARKETING IN THE PHARMACEUTICAL SECTOR

-
Image
The webinar on “Role of Digital Marketing in the Pharmaceutical Sector” by Dr Manoj Kumar, Senior Vice President and Strategic Business Unit Head with INTAS/Accord Pharmaceuticals was organized by the School of Business and Management (BBA) at CHRIST (Deemed to be University), Pune Lavasa Campus on 16th December 2021.  The guest speaker, Dr Manoj Kumar, endorsed the impact and relevance of digital marketing in the Indian pharmaceutical industry with specific relevance to super-specialists. As doctors may not be available everywhere due to infrastructure and geographical constraints, digital consultancy showed a new way of a career in the pharmaceutical sector during COVID times The pandemic was the time when healthcare workers were praised and called superheroes. We realized how pharmaceutical companies had a big role in this too. From the production of life-saving medicines to covid vaccines, they did it all. But what we do not realize is that marketing had a big role to play in a...
Read more