Hero MotoCorp (HMCL), the leading two-wheeler manufacturer in India, gained on Monday after global investment firm Morgan Stanley upgrades the stock to 'overweight' from 'equal-weight' and raises its price target to Rs 2,723 from Rs 1,747.

Shares of the company settled at Rs 2,383.20, up Rs 39.45, or 1.68% at the Bombay Stock Exchange (BSE) on Monday.

The scrip has touched an intra-day high of Rs 2,400 and low of Rs 2,349.50. The total volume of shares traded at the BSE is 16,482.

In the earlier session, the shares declined 0.01%, or Rs 0.30, at Rs 2,343.75. Currently, the stock is trading down 14.12% from its 52-week high of Rs 2,775.05 and above 52.19% over the 52-week low of Rs 1,565.95.