Hero MotoCorp gains on Morgan Stanley upgrade

Shares in Hero MotoCorp Ltd gain as much as 2.4 percent after Morgan Stanley upgrades the motorcycle maker to "overweight" from "equal-weight" and raises its price target to 2,723 rupees from 1,747 rupees.

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 percent at 2,383 rupees at 2:36 p.m.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must take the UN’s lead in recognising gay rights

    In what has by now become a matter of course, our judiciary again demonstrated that it is miles ahead of our government in terms of staying in tune wi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Rajgopal Nidamboor

Forget the past and embrace the present

It is all right to believe that one should always ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture