Hero MotoCorp hits 10-month high; stock zooms 93% from March low

Analysts expect the company to be least impacted by the Covid-19-led disruptions given their relatively strong recovery in the rural consumption basket.

Shares of Hero MotoCorp hit a 10-month high of Rs 2,849, up 3 per cent on the BSE on Monday as analysts expect the company to be the least impacted by the Covid-19-led disruptions given their relatively strong recovery in the rural consumption basket. The stock of the world’s largest two-wheeler manufacturer was trading at its highest level since September 24, 2019. It rallied 93 per cent from its 52-week low of Rs 1,475 touched on March 24, 2020.

Thus far July, the stock gained 12 per cent, after, in a highly disrupted month of June 2020, the company had sold