Bajaj Auto gains; earnings beat estimates

Reuters Market Eye - Bajaj Auto gains 1 percent after beating estimates with a 2 percent rise in net profit to 7.41 billion rupees in the July-September.

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

Bank says new launches will help support domestic growth for Bajaj Auto.

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

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