Hero MotoCorp's 4% Shares Drop: Search at Post Chairman Pawan Munjal's Residence

 Hero MotoCorp, India's leading two-wheeler maker, faced a turbulent day in the stock market as its shares tumbled more than 4% after income tax officials raided the residence of chairman Pawan Munjal. The sudden growth spooked investors, leading to a selling frenzy.

The company's shares, which were already under pressure from the prevailing market conditions, faced a further setback due to the uncertainty surrounding the investigation. As the news broke, speculation and concerns about the potential impact on the company's operations and management ran high.

Hero MotoCorp is a major player in the automotive industry and the incident has raised eyebrows in the business community. Investors are watching the situation closely, awaiting further updates on the impact of the matter on the company's future prospects.