According to market expert Aditya Agarwal, Hero MotoCorp Ltd and Delhivery Ltd are poised for a significant rebound. Technical analysis suggests both companies, which recently saw sharp corrections, are now showing strong signals for near-term upside.
Hero MotoCorp Gears Up for Recovery
Hero MotoCorp appears to be staging a meaningful recovery after a period of underperformance compared to its peers. Agarwal highlighted that the stock has experienced a notable pullback over the last three to four trading sessions and has successfully crossed both its 50-day and 200-day moving averages. This technical development is often interpreted by traders as a sign of strengthening momentum and a potential bullish trend.
“I’m expecting that Hero Motors from these levels can move towards Rs 57-58 hundred levels,” Agarwal stated, identifying the two-wheeler giant as an attractive large-cap opportunity even in a cautious broader market.
The bullish outlook for Hero MotoCorp is further supported by relative valuation. The stock has lagged behind key listed rivals like Bajaj Auto, Eicher Motors, and TVS Motor over the past three years. This underperformance now sets the stage for a potential catch-up trade, as investors increasingly seek out stock-specific opportunities rather than broad market bets.
Delhivery Shows Short-Covering Signs
Among mid-cap stocks, logistics firm Delhivery is drawing attention following a steep decline from approximately Rs 520 to Rs 400. Agarwal noted that Delhivery is now exhibiting signs of short covering, indicating that bearish positions are being unwound. This activity could fuel a sharper recovery in the near term.
“This stock has a potential to move towards Rs 460 to Rs 470 levels,” he commented. For traders, Delhivery presents a tactical play on sentiment reversal, especially after its recent correction has reset market expectations.
Selective Opportunities in a Cautious Market
The broader market sentiment remains cautious, yet these analyses underscore that selective opportunities continue to emerge in quality names that have undergone significant corrections. Hero MotoCorp offers a large-cap recovery narrative with room for growth, while Delhivery represents a mid-cap rebound opportunity driven by improving trading cues. Such stock-specific setups are likely to capture investor attention in the current market environment.