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Hero MotoCorp surges after March quarter result beats f'cast

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Reuters MUMBAI

MUMBAI (Reuters) - Shares in Hero MotCorp Ltd, India's largest motorcycle manufacturer, gain 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 rupeesfor the three months to end-March on Friday compared to analysts expectations of 4.98 billion rupees.

(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)

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First Published: Apr 29 2013 | 9:24 AM IST

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