The Indian market recouped some losses on Monday but still fell over 1 per cent. The S&P BSE Sensex plunged more than 800 points, while the Nifty50 managed to hold on to 17,300 levels. Sectorally, selling was seen in IT, banks, metals, finance, and public sector stocks, while buying was visible in FMCG and Oil … Read more
Hero MotoCorp is the largest two-wheeler manufacturer in the world based on volumes. The company manufactures motorcycles and scooters in six plants in India, one in Columbia and one in Bangladesh. It sold 49.44 lakh units in FY22. Synopsis In the past three years, Hero MotoCorp has been India’s only listed two-wheeler stock that has … Read more
Mumbai: Bank of America Securities has upgraded to ‘buy’ from ‘neutral’ and raised the target price to ₹3,000 from ₹2,700 on expectations of a strong rebound in volumes in the ongoing financial year. Shares of Hero MotoCorp ended up 6% at ₹2,674.10 on Thursday. The financial services firm has based its estimate on improving two-wheeler … Read more