Hero Motors jumps 8% after Q1 profit doubles; stock up 100% from IPO level
Indian markets moved higher in a quarterly results development.
· Business Standard Mkts
For the April-June quarter, Hero Motors has reported a consolidated profit of ₹10.20 crore, up 116 per cent on a Y-o-Y basis.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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