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Hero Motors Hits 20% Upper Circuit: Stock Surges Post-Listing, Experts Explain Why.
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CNBC Awaaz•25-09-2026, 10:13
Hero Motors Hits 20% Upper Circuit: Stock Surges Post-Listing, Experts Explain Why.
- •Hero Motors stock hit a 20% upper circuit on Friday, reaching a day's high of 141.85 within half an hour of market opening.
- •Despite a weak listing earlier this week, the stock has surged 69% from its issue price of 84 in its third trading session.
- •Gaurang Shah of Geojit Investments states the entire auto sector looks strong, benefiting both vehicle manufacturers and component producers.
- •Shah noted that social media attempts to create confusion around the IPO affected the listing, but the stock became active once trading began.
- •Hero Motors listed on September 23 at 82.10 against an issue price of 84, but strong buying followed, pushing the stock significantly higher.
Key Questions Answered
Hero Motors was listed on the stock market on September 23 with an issue price of ₹84 per share, making a weak debut at a discount of about 2.3% to 2.4% at ₹82.10 on the BSE and ₹82 on the NSE before staging a sharp recovery later.
Within half an hour of the market opening on Friday, the stock saw a 20% upper circuit, reaching a day's high of ₹141.85 and surging by 69% overall from its original issue price of ₹84.
Gaurang Shah noted that the entire auto sector looks strong and benefits both vehicle and component manufacturers. He also pointed out that initial listing confusion was caused by social media attempts to spread misinformation about the IPO, but strong buying quickly returned once trading began.
