Bajaj Auto rises 2 pct after earnings beat estimates

MUMBAI – Shares in Bajaj Auto (BAJA.NS), India’s second-largest motorcycle maker by sales, rose 2 percent in pre-open trading on Thursday after the company reported July-September profit that beat analyst estimates.

The company said on Wednesday net profit rose by 13 percent to 8.37 billion rupees in the September quarter, as a weaker rupee boosted export earnings. The mean estimate of 11 analysts was 8.

The BSE Sensex was up 0.2 percent in pre-open trading. Markets were closed on Wednesday for a holiday.