Hero MotoCorp, Delhivery shares set for a rebound: Market expert
Technical analysis signals bullish momentum in Hero MotoCorp and Delhivery, with key upside targets after recent pullbacks.
- Sep 21, 2026,
- Updated Sep 21, 2026 4:18 PM IST
Hero MotoCorp Ltd and Delhivery Ltd have emerged as two standout rebound candidates in an otherwise cautious market, with technical indicators pointing to near-term upside after sharp corrections in both counters. Market expert Aditya Agarwal said Hero MotoCorp could climb to the Rs 5,700-5,800 zone, while Delhivery may recover towards Rs 460-470 as short-covering activity gathers pace.
Technical breakout puts Hero in the spotlight
Hero MotoCorp appears to be staging a meaningful recovery after a period of underperformance. Agarwal noted that the stock has seen a “good pullback” over the last three to four trading sessions and has now crossed both its 50-day and 200-day moving averages — a technical development traders often read as a sign of strengthening momentum.
“I’m expecting that Hero Motors from these levels can move towards Rs 57-58 hundred levels,” he said, flagging the stock as one of the more attractive large-cap ideas in the current setup. The call is notable because it comes at a time when the broader market view remains selective rather than outright bullish.
Catch-up trade versus auto peers
The bullish case for Hero MotoCorp is also being reinforced by relative valuation and performance. The stock has lagged key listed rivals over the past three years, even as Bajaj Auto, Eicher Motors and TVS Motor have delivered stronger outperformance.
That underperformance could now become the basis for a catch-up trade. In a market where investors are increasingly rotating into stock-specific opportunities instead of making broad index bets, laggards with improving technical structure can quickly return to favour.
Delhivery shows signs of short-covering rebound
Among mid-caps, Delhivery is drawing attention after a steep slide from around Rs 520 to Rs 400. Agarwal said the stock is now showing “some short covering sign,” suggesting that bearish positions are being unwound and could fuel a sharper recovery in the near term.
“This stock has a potential to move towards Rs 460 to Rs 470 levels,” he said. For traders, that makes Delhivery a tactical play on sentiment reversal, especially after the stock’s recent correction reset expectations.
Stock-picking market remains intact
The broader message from the market conversation is clear: even if macro conditions remain fragile, selective opportunities continue to emerge in quality names that have corrected meaningfully. Hero MotoCorp offers a large-cap recovery story with room for catch-up, while Delhivery represents a mid-cap rebound bet driven by improving trading cues.
In a market still shaped by caution, these are the kinds of stock-specific setups likely to command investor attention.
Hero MotoCorp Ltd and Delhivery Ltd have emerged as two standout rebound candidates in an otherwise cautious market, with technical indicators pointing to near-term upside after sharp corrections in both counters. Market expert Aditya Agarwal said Hero MotoCorp could climb to the Rs 5,700-5,800 zone, while Delhivery may recover towards Rs 460-470 as short-covering activity gathers pace.
Technical breakout puts Hero in the spotlight
Hero MotoCorp appears to be staging a meaningful recovery after a period of underperformance. Agarwal noted that the stock has seen a “good pullback” over the last three to four trading sessions and has now crossed both its 50-day and 200-day moving averages — a technical development traders often read as a sign of strengthening momentum.
“I’m expecting that Hero Motors from these levels can move towards Rs 57-58 hundred levels,” he said, flagging the stock as one of the more attractive large-cap ideas in the current setup. The call is notable because it comes at a time when the broader market view remains selective rather than outright bullish.
Catch-up trade versus auto peers
The bullish case for Hero MotoCorp is also being reinforced by relative valuation and performance. The stock has lagged key listed rivals over the past three years, even as Bajaj Auto, Eicher Motors and TVS Motor have delivered stronger outperformance.
That underperformance could now become the basis for a catch-up trade. In a market where investors are increasingly rotating into stock-specific opportunities instead of making broad index bets, laggards with improving technical structure can quickly return to favour.
Delhivery shows signs of short-covering rebound
Among mid-caps, Delhivery is drawing attention after a steep slide from around Rs 520 to Rs 400. Agarwal said the stock is now showing “some short covering sign,” suggesting that bearish positions are being unwound and could fuel a sharper recovery in the near term.
“This stock has a potential to move towards Rs 460 to Rs 470 levels,” he said. For traders, that makes Delhivery a tactical play on sentiment reversal, especially after the stock’s recent correction reset expectations.
Stock-picking market remains intact
The broader message from the market conversation is clear: even if macro conditions remain fragile, selective opportunities continue to emerge in quality names that have corrected meaningfully. Hero MotoCorp offers a large-cap recovery story with room for catch-up, while Delhivery represents a mid-cap rebound bet driven by improving trading cues.
In a market still shaped by caution, these are the kinds of stock-specific setups likely to command investor attention.