Buy or Sell | Trade stock specific; valuations of Hero Moto looks reasonable

2019-09-13 1,073

Indian markets have taken positive cues from the global markets. PSU Banks and auto did well which went up by around 5 percent while the IT index on account of the rupee appreciation has gone down by around 2.79 percent. We expect market to trade on a positive note but up move could be range bound. GST council is supposed to meet on September 20 and there is significant amount of expectation. Trade stock and sector specific. We have buy recommendation on Hero MotoCorp, said Dinesh Rohira, Founder & CEO, 5nance.com.