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The Economic Times

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Debaroti Adhikary

Hero Motors shares hit 20% upper circuit after lackluster debut. Should you buy, sell or hold?

Hero Motors IPO Debaroti Adhikary SEBI

Shares of Hero Motors sharply rallied 20% to hit the upper circuit after making a weak market debut, listing at a discount of 2% over the IPO price on Wednesday, with analysts advising patience before taking fresh positions.

Hero Motors shares listed at Rs 82 apiece on NSE on Wednesday, marking a more than 2% discount over the IPO price of Rs 84 apiece. After the muted market debut, the stock surged 20% to remain locked in the upper circuit at Rs 98.40 apiece.

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