Bajaj Auto LimitedNSE: BAJAJ_AUTO

India's Hero MotoCorp top weekly gainer on Nifty 50 after Q1 profit beat

· Issued by Bajaj Auto Limited

** Shares of Hero MotoCorp NSE:HEROMOTOCO up 7.6% this week, set for best weekly gain since week ended May 12

** Stock top weekly gainer on benchmark Nifty 50 NSE:NIFTY, which is down 0.56% for the week

** Nifty Auto index NSE:CNXAUTO up 0.7% for the week

** Gains driven by the two-wheeler maker's first-quarter profit marginally rising, beating analysts estimate of a fall in profit, as higher exports offset weak domestic sales

** Peers, Bajaj Auto NSE:BAJAJ_AUTO and TVS Motor NSE:TVSMOTOR also topped profit estimates this week

** BAJA and TVSM up 2.2% and 4.4% for the week, respectively

** Avg rating on HROM and BAJA at "hold", TVSM at "buy" - data compiled by LSEG

** YTD, HROM and TVSM up ~11% and ~26% respectively, BAJA down ~7%