Hero MotoCorp falls as adjusted profit lags estimates
Shares in Hero MotoCorp fall 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 Rs 1.23 billion 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 Rs 5.54 billion versus 5.74 billion rupees last year.
Hero MotoCorp stock was trading down nearly 1 percent as of 10: 25 a.m.