Shares of two-wheeler maker Hero MotoCorp Ltd . were trading over 2% higher on Thursday, November 20, extending gains for the fourth straight session. The stock also hit a 52-week high of ₹ 6,016 today.

The upmove comes after global brokerage firm Macquarie upgraded the stock to 'Outperform' with a price target of ₹6,793.

The brokerage said domestic market share has stabilised and highlighted upside risks in both motorcycles and scooters, led by GST reduction and upcoming product launches.

It added that electric two-wheeler (E2W) traction is improving and margins remain resilient as ICE (internal combustion engine) profitability continues to surprise positively.

Macquarie flagged key catalysts like market share gains in ICE two-wheelers, a pickup in electric two-wheeler volumes and

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