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Hero MotoCorp surges after March quarter result beats forecast

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Shares in Hero MotoCorp Ltd, India's largest motorcycle manufacturer, gain as much as 5.4 per cent in early morning trade after the company's January-March profit beat street estimates for the first quarter in six.

Hero reported a net profit of Rs 574 crore for the three months to end-March on Friday compared to analysts expectations of Rs 498 crore.

Copyright @ Thomson Reuters 2013



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