Shares in Hero MotoCorp Ltd gain as much as 2.4 per cent after Morgan Stanley upgrades the motorcycle maker to "overweight" from "equal-weight" and raises its price target to Rs 2,723 from Rs 1,747.
Shares in Hero MotoCorp Ltd gain as much as 2.4 per cent after Morgan Stanley upgrades the motorcycle maker to "overweight" from "equal-weight" and raises its price target to Rs 2,723 from Rs 1,747.
The investment bank cites expectations of a turnaround in the two-wheeler sector in fiscal 2015, potentially leading to stronger earnings, while also noting attractive valuations.
Shares in Hero MotoCorp were up 1.58 per cent at Rs 2,383 at 2:36 p.m.
Copyright: Thomson Reuters 2014
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