Latest Stock Market News

On the technical charts, the RSI of the stock stood at 59.94.

"Hero MotoCorp has been losing market share and despite continuous positive commentary by the management over the last many months, the numbers have actually been disappointing. So, from a stock perspective, I do not think much will happen."

​Indian equities turned negative on a YTD basis in September after continued FII selling and as market participants fretted over the global economic recession. Nonetheless, historically, October has been the best month for benchmark Indian indices and in just three trading sessions so far this month, Sensex has turned flat for the year 2022.

"In the short-term, particularly for the month of October, we see markets to remain volatile with a positive bias as corrections will be well supported at lower levels. Strong support for Nifty50 is placed at 16,500-16,300 zones and as long as these hold, we expect recovery towards 17,350-17,500 zones, which will be a strong hurdle for the bulls."

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 37.27 per cent and 32.58 per cent, respectively.

Basically, the RBI is making its presence felt and letting traders know once again that it will not allow one-sided moves," said one of the state-run bankers who confirmed the intervention.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 53731.24 Crore) operating in Auto sector.

Crypto lender Celsius’ top executives withdrew a little over $17 million in cryptocurrency between May and June 2022, right before the company suspended withdrawals and filed for bankruptcy, according to the court records.

The Relative Strength Index of the stock stood at 51.0 on Friday.

A total of 8,695 shares changed hands on the counter till 10:35AM (IST).