Business · India Bureau
Hero Motors shares surge 45% in two days as investor interest peaks
Newly listed Hero Motors has delivered strong gains for early investors, with shares rallying nearly half their value within 48 hours of listing. The stock hit an intra-day high of ₹116.80 on Thursday, commanding a 39% premium over its issue price.
LSN India ·
Hero Motors shares continued their impressive run in afternoon trading on Thursday, climbing 19% despite broader market weakness. The newly listed company's stock reached an intra-day peak of ₹116.80 on the BSE, substantially outpacing the ₹84 per share issue price.
The two-day surge of approximately 45% underscores strong retail and institutional appetite for the listing. Trading volumes remained elevated, reflecting heightened investor interest in the company's IPO debut.
Hero Motors' performance stands out against the prevailing market sentiment, as broader indices contended with selling pressure during the same period. The stock's resilience suggests investor confidence in the company's business fundamentals and growth prospects.
The surge marks a positive start for the newly listed automotive company, though investors would be monitoring price sustainability and volume patterns in the coming sessions. Market analysts typically watch the first week of trading to gauge long-term investor positioning in newly listed shares.