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Thursday, February 29, 2024

On January 8, Bajaj Auto will consider buying back shares; the stock surges


<p>Bajaj Auto’s shares surged by over 6% on Wednesday after the company said on Wednesday that it would review a proposal for a repurchase of shares on January 8. The repurchase proposal comes after the company’s shares had an incredible 88% increase in 2023—its greatest year since 2009—beating the Nifty Auto index’s 47.6% gain.</p>
<p><img decoding=”async” class=”alignnone wp-image-337304″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-on-january-8-bajaj-auto-will-consider-buying-back-shares-the-stock-surges-download.jpg” alt=”theindiaprint.com on january 8 bajaj auto will consider buying back shares the stock surges download” width=”1432″ height=”1072″ title=”On January 8, Bajaj Auto will consider buying back shares; the stock surges 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-on-january-8-bajaj-auto-will-consider-buying-back-shares-the-stock-surges-download.jpg 259w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-on-january-8-bajaj-auto-will-consider-buying-back-shares-the-stock-surges-download-150×112.jpg 150w” sizes=”(max-width: 1432px) 100vw, 1432px” /></p>
<p>Bajaj Auto’s stock was up 4.3% as of Wednesday’s latest trade. On January 24, the manufacturer of two- and three-wheelers is scheduled to release its third-quarter financial results.</p>
<p>The manufacturer of “Pulsar” motorcycles most recently repurchased shares for Rs 2,500 crore in July and October of 2022.</p>


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