Shares of India’s Hero Motors fell 5% to the National Stock Exchange of India’s lower price band Thursday and closed at ₹116.58, 38.8% above their ₹84 IPO price.
NSE lower-band data listed ₹116.58 as the limit. Moneycontrol’s market snapshot put the previous close at ₹122.71, a difference of ₹6.13. Financial Express market data showed a BSE intraday high of ₹119.30, where the gain over the IPO price reached 42%.
LiveMint reported that Gaurav Arora, head of research at SAHI, identified ₹112 as a technical support level. Arora said a move below that level may be followed by further losses; this was his technical assessment.
In an Oct. 13 filing, Hero Motors reported consolidated revenue from operations of ₹319.32 crore for the quarter ended June 30, 2026, or Q1 FY27, up from ₹255.74 crore a year earlier. The board approved a proposed cash purchase for about £0.60 million of an additional 39% stake in UK subsidiary Hewland Engineering Limited. If completed, the deal would raise Hero Motors’ stake from 51% to 90%; the company expected completion in about six months.
