New Delhi, Sept. 28 -- Shares of Hero Motors Limited saw a roller coaster ride on Monday, with the auto ancillary stock starting the trading session with fresh 52-week highs, only to crash to its lower circuit today. The auto components manufacturer surged nearly 55% since its weak listing on exchanges last week. The Hero Group stock listed at a discount of nearly 2.38% to its issue price of Rs.84 per share.

The recent bullish momentum in Hero Motors shares indicates that the stock is seeing heightened investors' interest as the focus is now shifting across the growing automotive technology and powertrain segments, its current valuation and profitability metrics.

Hero Motors IPO was launched at an issue price of Rs.84 per equity share. ...