Polaris shares surge on Indian motorcycle unit spin-off, profit forecast

Core Viewpoint - Polaris shares increased by over 10% in premarket trading following the announcement of a spin-off of its Indian Motorcycle unit and a forecast for third-quarter profits that exceed expectations [1] Company Developments - The decision to spin off the Indian Motorcycle unit indicates a strategic shift aimed at enhancing operational focus and potentially unlocking shareholder value [1] - The forecast for third-quarter profit suggests strong performance, which may be attributed to robust demand in the power-sports vehicle market [1] Market Reaction - The significant rise in Polaris shares reflects positive investor sentiment and confidence in the company's future growth prospects following the announced changes [1]