Hero MotoCorp Limited, one of India’s largest two-wheeler manufacturers, saw a significant decline in its stock price during trading today. At 1:14 PM, the stock was trading at ₹5,703.00, down ₹254.35 or 4.27% from the previous close. This sharp drop resulted in a market capitalization loss of approximately ₹5,087.10 crore.
As of 1:14 PM, the company’s total market cap stood at ₹1,14,048.66 crore. The dip in stock price reflects broader market sentiment and ongoing pressures in the automotive sector. Investors seem cautious, which has impacted the stock’s performance in today’s session.
Adding to the pressure, UBS has retained a sell rating on Hero MotoCorp, setting a target price of ₹3,350, indicating a potential downside of around 45%. UBS highlighted concerns about the stock’s current valuation, noting, “The stock is currently trading at approximately 26 times its estimated FY26 earnings, which is over three standard deviations above its five-year historical average. We maintain our sell rating with a price target of ₹3,350.”
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