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Apr 29, 2013 at 10:43am IST

Hero MotoCorp surges after March quarter result beats forecast

Mumbai: Shares in Hero MotCorp Ltd, India's largest motorcycle manufacturer, gained as much as 4.8 percent 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 5.74 billion rupees for the three months to end-March on Friday compared to analysts expectations of 4.98 billion rupees.