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Hero MotoCorp gains 2% ahead of Q4 results. Here's what analysts say
NEW DELHI: Shares of Hero MotoCorp jumped 2 per cent in Tuesday's trade ahead of the two-wheeler maker's March quarter results scheduled for later in the day.
The stock rose 1.56 per cent to a high of Rs 2,420 on BSE.
The company sold 13.34 lakh units
during the quarter under review, down 25 per cent against 17.81 lakh
units sold in the same period last year. This, analysts believe, may
result in up to 36 per cent year-on-year (YoY) fall in net profit for
the quarter ended March 31.
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