Business · India Bureau
Hero Motors stock surges 20% on third day of trading
Hero Motors shares have rallied sharply on the NSE in their third day of trading, hitting the upper circuit limit. The stock had opened at a discount to its issue price following its listing earlier this week.
LSN India ·
Hero Motors shares surged 20 per cent to touch the upper circuit on their third day of trading, reversing an initial sluggish performance on the National Stock Exchange. The stock had made a muted debut on Wednesday, September 23, listing at Rs 82 per share—a 2.38 per cent discount to the Rs 84 issue price. The sharp rally on subsequent trading days has attracted investor interest and marked a significant turnaround for the two-wheeler manufacturer's public market entry. The upper circuit breach suggests strong demand for the stock among retail and institutional investors following the initial lacklustre opening. The company's share performance in the coming days will likely depend on market sentiment and broader economic conditions affecting the automotive sector.