Sell Hero MotoCorp Ltd., target Rs 332: Tejal Shah

Tejal Shah of Edelweiss Financial Services has a sell call on Hero MotoCorp Ltd. with a target price of Rs 332. The current market price of Hero MotoCorp Ltd. is 3239.65. Time period given by analyst is Intra Day, when Hero MotoCorp Ltd. price can reach defined target. Shah recommended to keep stop loss at Rs 395. The stock has hit a high of Rs 3,259.95 and low of Rs 3,225.55 so far in trade. The scrip has been moving above most of its crucial moving averages. Of late, it has taken support from its 20-day moving average placed at Rs 3,242.50 level.