Hero Motors Shares Rebound After Weak IPO Listing

Hero Motors sold shares to the public through an IPO.

Its shares opened slightly below the IPO price of ₹84.

Later, more people bought the shares, and the price rose strongly.

The stock was reported to have reached its 20% upper circuit.

Analysts said the company could benefit from growing vehicle and electric-vehicle markets.

They also warned that the shares look expensive compared with competitors.

Investors were advised to wait for the price to become more stable and to watch the company’s results.

The company plans to use some IPO money to repay debt and buy equipment.