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Market move▲ Bullish for Hero Motors
Hero Motors share price jumps over 7%, newly listed stock up 78% from IPO price | What’s driving the rally?
The brief
- Hero Motors shares surged over 7% on September 30, trading 78% above their ₹84 IPO price
- The company’s market cap reached ₹6,675.61 crore
- Hero Motors’ sharp post-listing rise matters to investors tracking Indian auto and component stocks
- Hero Motors hits 10% lower circuit after touching a 52-week high
- Sensex gains 100 points, Nifty below 23,100 in afternoon trade; Hero Motors shares up 20%
- Hero Motors hits 20% upper circuit after ₹281 crore block deal