Expect upside in Hero Motocorp, target Rs 2950: Bothra

Kunal Bothra of LKP told CNBC-TV18, "Today Mahindra and Mahindra (M&M) and Hero Motocorp are showing some bit of strength. Hero Motocorp chart is trading at the upper end of the resistance band whereas most of these stocks from the frontline and the midcap space are trading at the lower end of this band."

"There seems to be a chance that the stock may see further upside from here. I am giving a stoploss of Rs 2770 on Hero Motocorp with a potential target of atleast Rs 2950," he said.

Disclosure: Analyst has no personal holdings in the stock but it is possible that he may have recommended the same to his clients at LKP.