Hero MotoCorp shares have risen 26.14% in the last 12 months and 44.80% year-to-date. (Photo: Hero MotoCorp website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Hero MotoCorp Ltd. shares hit a nearly 14-month high on Thursday amid a noticeable shift in sentiment on the Street, with three major brokerages upgrading the stock since its September quarter results.

The shares extended its gains for the third day with it trading over 2.4% higher on Thursday and rising over 9% since the auto giant announced its second quarter results.

Apart from the 16% rise in profit and revenue in quarter ended September, analysts have highlight market share stabilisation, improving traction across scooters and EVs, and better margin visibility as key reasons behind this renewed optimism.

See Full Page