Hero MotoCorp shares dropped more than 2% in morning trade after UBS issued a “Sell” call with a target price of Rs 3,350. This call comes as UBS is concerned about the company’s declining retail performance, despite optimistic wholesale volumes and the typical festive season boost.
Hero MotoCorp’s stock opened at ₹6,005.60, reaching a high of ₹6,024.70 before dipping to a low of ₹5,935.00 during trading. Analysts are closely monitoring the situation, suggesting potential impacts from recent industry trends and economic factors.
As of 9:35 am, Hero MotoCorp shares were trading 2.23% lower at Rs 5,952.25 on the NSE.
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