Bajaj Corp gains on shareholders approval to hike FII limit

Bajaj Corp rises over 2% to Rs 360 on BSE after the company said its board has approved a proposal to hike the foreign institutional investors investment cap to 49% stake in the paid-up equity capital of the company.

The stock hit a high of Rs 367 and a low of Rs 357 so far during the day.

On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 19,000 shares in the past two weeks.