Bajaj Auto rises 2 pct after earnings beat estimates

MUMBAI (Reuters) - Shares in Bajaj Auto , 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.

(Reporting by Swati Bhat; Editing by Rafael Nam)

Source: http://news.yahoo.com/bajaj-auto-rises-2-pct-earnings-beat-estimates-035106028--sector.html
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