Bajaj Auto Shares Rise 3% Ahead of Upcoming Buyback Proposal
Buyback Buzz: Bajaj Auto Shares Gain 3% Ahead Of May 6 Board Meet
News 18
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Bajaj Auto's shares increased by 3% in a declining market after the company announced its board will consider a share buyback proposal on May 6, 2026. This marks the first buyback consideration in over two years, following a ₹4,000 crore buyback in March 2024.
- 01Bajaj Auto shares rose 2.20% to ₹9,752.50 amid a market downturn.
- 02The board will discuss a share buyback proposal on May 6, 2026.
- 03This is the first buyback consideration since March 2024.
- 04Bajaj Auto reported a 20% increase in total sales for March 2026.
- 05Domestic two-wheeler sales also saw a significant rise of 20%.
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Bajaj Auto's shares gained 2.20% to ₹9,752.50 on April 30, 2026, as the company announced that its board will consider a share buyback proposal during the meeting scheduled for May 6, 2026. This marks the first buyback consideration in over two years, following a ₹4,000 crore buyback executed in March 2024. Despite a broader market decline, where the benchmark BSE Sensex fell by 1.49%, Bajaj Auto's stock attracted buying interest. The company also reported a 20% year-on-year increase in total sales for March, reaching 4,45,377 units, with domestic two-wheeler sales rising to 2,21,021 units from 1,83,659 units in the previous year. The upcoming board meeting will also coincide with the announcement of the company's quarterly results.
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The share buyback could enhance shareholder value, potentially leading to increased investor confidence and stock price stability.
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