Bajaj Auto earnings beat estimates, shares climb

Bajaj Auto today gained 1 percent after beating estimates with a 2 percent rise in net profit to Rs 741 crore in the July-September quarter.[caption id="attachment_498289" align="alignleft" width="350"] Making money. Reuters[/caption]

Standard Chartered said the earnings were better than expected on the back of higher sales of three-wheelers, as well as higher sales of Discover and Pulsar motorcycles.

The bank said new launches will help support domestic growth for Bajaj Auto.

StanChart maintained its 'outperform' rating, and raises its target price to Rs 1,886 from Rs 1,772.10.

Reuters