Indian Nifty Stock Market News

Shares of  Hero MotoCorp fell over 3 percent intraday on Thursday even though its March quarter earnings were better-than-expectations. The two-wheeler maker’s net profit shrank 4 percent (year-on-year) to Rs 554.43 crore on higher tax expenses. Volume uptick of 4 percent drove sales up by 6 percent at Rs 6513 crore.

Shares in India's Hero MotoCorp fell 2.3 percent after its January-March profit adjusted for other income lagged some analysts estimates.

The motorcycle maker's other income grew by 17.7 percent to 1.23 billion rupees compared to 1.04 billion rupees in the same quarter last year, a company filing shows.

Hero MotoCorp said on Thursday March-quarter net profit was 5.54 billion rupees versus 5.74
billion rupees last year.

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