Nov 19, 01:35 AM

Hero MotoCorp Shares Surge Over 5% to Rs 4,835.90 on Strong Q2 Results

Hero MotoCorp's shares surged over 5% following the release of its Q2 results, reaching an intraday high of Rs 4,835.90 per share. Brokerages, including Nomura and Jefferies, maintained their 'Buy' ratings, with Nomura hiking its target price to Rs 5805 from Rs 5663. Jefferies noted that the Q2 EBITDA growth was in line with estimates, with EBITDA per vehicle rising to a new high. The positive performance is attributed to robust guidance, improving demand, and new product launches. The stock closed 3 percent higher.

#Hero MotoCorp #Nomura #Jefferies

Written with ChatGPT (GPT-4o).