Hero MotoCorp rallies 4%; company announces price hike from July 1

The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices

Shares of Hero MotoCorp were up 4 per cent at Rs 2,767 on the BSE in Friday's intra-day trade after the auto major said it will increase ex-showroom prices of its motorcycles and scooters with effect from July 1 to partially offset the steadily growing input cost inflation. In comparison, the S&P BSE Sensex was up 0.6 per cent at 52,577 at 10:26 AM.

The stock of two/ three-wheeler maker quoted higher for the fourth straight trading day, and has rallied 13 per cent during the period. With the recent run-up, the stock has recovered 29 per cent from