Bajaj Consumer up 5% as board to consider share buyback proposal on Friday

Shares of Bajaj Consumer Care gained 5 per cent and hit an intra-day high of Rs 184.65 on the BSE on Tuesday after the personal care products' company announced that it's board will meet on Friday, December 9, to consider share buyback proposal.

Trading volumes on the counter jumped over three-fold with a combined 3.6 million shares changing hands on the NSE and BSE till 12:46 PM. In comparison, the S&P BSE Sensex was down 0.60 per cent at 62,472.

"The board of directors of the company will consider a proposal for buyback of fully paid-up equity shares