Bajaj Auto operating profit may lag estimates - StarMine

Reuters Market Eye - Bajaj Auto operating profit may lag consensus estimates when it reports quarterly results later in the day, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places a greater emphasis on forecasts by top-rated analysts, expects Bajaj Auto to report an operating profit of 10.28 billion rupees ($170.8 million) for the June quarter, compared with a consensus mean estimate of 10.47 billion rupees.

The latest estimate for Bajaj Auto's quarterly operating profit stands at 10.08 billion rupees from Anand Rathi Securities, StarMine data adds.

Bajaj Auto shares rise 0.5 percent as of 11:22 a.m.

(Reporting by Abhishek Vishnoi)