HERO MOTOCORP LTDShort
Misleading news regarding increased LIC holding of Hero motor
In total, LIC holds about 11 percent equity in Hero motor, that is correct (up from the earlier 9% approx.)
However, this holding increase took place over a period of one-and-a-half years (Jan 2021, to June 2022), and not right now as news reports seem to suggest.
This (actual) time frame of 1.5 years over which LIC increased their hero holding is courtesy of Moneycontrol, which is reliable reporting
Bearish outlook for Hero motor, target by Goldman Sachs is 2080.
Yes, Goldman Sachs' target is not infallible, but be wary of misleading reporting regarding equity, including—but not limited to, Hero motor.
Expect intraday selling tomorrow—2500 seems like a place Hero could rest, tomorrow.
However, this holding increase took place over a period of one-and-a-half years (Jan 2021, to June 2022), and not right now as news reports seem to suggest.
This (actual) time frame of 1.5 years over which LIC increased their hero holding is courtesy of Moneycontrol, which is reliable reporting
Bearish outlook for Hero motor, target by Goldman Sachs is 2080.
Yes, Goldman Sachs' target is not infallible, but be wary of misleading reporting regarding equity, including—but not limited to, Hero motor.
Expect intraday selling tomorrow—2500 seems like a place Hero could rest, tomorrow.
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