El Niño concerns for Hero MotoCorp are overstated, says CLSA. Here’s why
Shares of Hero MotoCorp Ltd. opened with gains of around 3% on Thursday, June 25, after brokerage firm CLSA reiterated its ‘Outperform’ rating on the stock and assigned a price target of ₹5,728. The target implies an upside potential of nearly 17% from Hero MotoCorp’s closing price of ₹4,894 on Wednesday. CLSA said concerns surrounding…
