Shares of two-wheeler manufacturer Hero MotoCorp Ltd . will be in focus on Wednesday, November 19, after global brokerage firm JPMorgan upgraded the stock.

JPMorgan has raised its rating on Hero MotoCorp to 'Overweight' and increased its price target to ₹6,850. The revised target suggests an upside potential of 18% from Tuesday's closing level.

The upgrade is driven by signs of market share stabilisation after several years of erosion, along with a better outlook supported by new launches and prudent inventory management.

The brokerage also said that the recent GST cuts appear to have revived demand in the bottom half of the two-wheeler market, a segment where Hero MotoCorp is particularly strong.

In addition, Hero's improving position in the electric two-wheeler market, which had be

See Full Page