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Hero MotoCorp falls after Dec quarter earnings miss estimates

Source : REUTERS
Last Updated: Sun, Jan 20, 2013 04:45 hrs
Employees work in an assembly line at Hero Honda's newly inaugurated plant in the northern Indian town of Haridwar

India's Hero MotoCorp shares fell as much as 4.8 percent after the company reported lower-than-expected Oct-Dec earnings on Thursday.

India's largest motorcycle maker missed estimates for the fourth straight quarter as net profit fell 20.4 percent on rising costs and falling sales that battered margins.


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