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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
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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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