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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

Hero MotoCorp

Deepak Korgoankar Mumbai
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

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First Published: Jun 24 2022 | 10:52 AM IST

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