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For Bajaj Auto, share buyback worth up to Rs 2,500 crore spurs optimism

Fall in raw material prices, low base, and normal monsoon are other positives

Topics
Bajaj Auto | Share buybacks | EBITDA

Devangshu Datta 



Bajaj Auto
The stock has risen 19 per cent since January, despite unimpressive results through the last fiscal.

Two-wheelers major announced a share buyback programme worth up to Rs 2,500 crore, offering Rs 4,600 each for 5.435 million shares, aggregating to 1.88 per cent of the company’s equity. The buyback price was at a premium to Friday’s closing of Rs 3,812 and helped push the share price to Rs 3,862 on Monday.

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First Published: Mon, June 27 2022. 22:18 IST

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