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UPDATE 1-India's Mahindra Q4 net up 44 pct, beats forecast
* Q4 profit 8.74 bln rupees vs 6.20 bln expected * Volume growth offsets rising cost pressures * Shares turn positive after results (Adds quote, details, share movement) MUMBAI, May 30 (Reuters) - Mahindra & Mahindra Ltd , India's biggest utility vehicles maker, reported a forecast-beating 44 percent jump in quarterly profit, helped by an exceptional gain and strong volume growth in the face
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