July 3, 2018 / 5:01 AM / 15 days ago

BUZZ-India's Hero MotoCorp rises on strong June sales

** Shares of Hero MotoCorp Ltd rise as much as 2 pct to 3,484.95 rupees, in their biggest intraday pct gain since June 12

** Automaker said late Monday its total sales in June rose 13 pct to 704,562 vehicles

** Co also said it made an upward revision in prices of motorcycles and scooters, to partially offset rising input costs and currency depreciation

** Co raising prices by up to 500 rupees at ex-showroom level should support margins - Nomura

** Brokerage maintains “buy” rating, price target at 4,483 rupees

** Over 126,000 shares change hands, compared with 30-day moving avg of 285,800

** Twenty eight of the 49 analysts covering stock have “buy” or higher ratings, 13 “hold” and 8 “sell” or lower; median PT 4,090 rupees - Thomson Reuters data

** As of Monday, stock had fallen 9.8 pct this year

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