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Bajaj Auto rises 2 pct after earnings beat estimates

Reuters

MUMBAI (Reuters) - Shares in Bajaj Auto , India's second-largest motorcycle maker by sales, rose 2 percent 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 down 0.2 percent in trade at 9:37 a.m. Markets were closed on Wednesday for a holiday. (Reporting by Swati Bhat; Editing by Rafael Nam)