 "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.
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.
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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.
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