Hero MotoCorp shares surge after Jan-March profit beat

  • Reuters, Mumbai
  • |
  • Updated: Apr 29, 2013 16:35 IST

Shares in Hero MotCorp Ltd, the country's largest motorcycle manufacturer, gained 3.3% in pre-open trade after the company's January-March profit beat street estimates for the first quarter in six.

Hero reported a net profit of 5.74 billion rupees ($106 million) for the three months to end-March on Friday compared to analysts expectations of 4.98 billion rupees.

 

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