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E-mail ID will not be published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

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

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

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture