Shares of Hero MotoCorp, India’s largest two-wheeler maker, reached an eight-month high due to strong sales in May. The company’s total sales rose by nearly 7% YoY in May with over 1 million shares traded, way higher than the six-month average trading volume of more than 400,000 shares. However, despite positive sales, Hero MotoCorp’s stocks are the least preferred in the market. While its peers Bajaj Auto and TVS Motors have gained over 20% each so far in 2021, Hero MotoCorp rose by just 5%.
Nifty rally not sustainable on few big names, broader participation essential: Rahul Ghose of Hedged.in
The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential
December 29, 2024