Is Hero MotoCorp a Buy after 9% surge in 5 days? Brokerages divided on what’s next
Hero MotoCorp's share surged 4.3% on August 07, making it the top gainer in the Nifty 50. Nuvama Institutional Equities predicts a 16% upside for the stock due to its strong position in rural demand. However, Jefferies has an 'Underperform' call and expects a 27% decline in the stock in the next 12 months. Nuvama values the stock at Rs 5,200.