Synopsis
Lack of triggers in the near term may keep the upside capped for the shares as many investors remain underweight on the country’s largest two-wheeler maker despite institutional holding in the auto sector being close to a multi-quarter high.
ET Intelligence Group: Hero MotoCorp’s September-quarter financial performance is unlikely to change the trajectory of its shares, as it has been largely in line with expectations and unlikely to reset full-year earnings estimates.
Lack of triggers in the near term may keep the upside capped for the shares as many investors remain underweight on the country’s largest two-wheeler maker despite institutional holding in the auto sector being close
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