Hero Honda News
Hero MotoCorp shares drop on earnings concerns
Shares of Hero Honda MotoCorp dropped 5.6 percent on Thursday, a day after it narrowly lagged estimates with net profit of 6.04 billion rupees for the Jan-March quarter. Investors were also disappointed with the outlook from the world's largest two-wheeled vehicle manufacturer, and expect Hero to pare its dividend payout ratios in a bid to improve its balance sheet, analysts said. "We expect the
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