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Hot Pursuit
03-Jan-24
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Bajaj Auto hits record high as board to mull share buyback on 8 Jan'24
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Bajaj Auto jumped 4.91% to Rs 6,989.40 after the firm informed that its board of directors is scheduled to meet on Monday, 8 January 2024 to consider a proposal to buyback the fully paid-up equity shares of the company.
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The company’s board will also consider other matters necessary and incidental thereto for the purpose of buyback.
Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof.
The company's consolidated net profit jumped 17.5% to Rs 2,020.05 crore in Q2 FY24 as compared with Rs 1719.44 crore in Q2 FY23. Net sales rose 6.8% YoY to Rs 10,584.67 crore in Q2 FY24.
The scrip hit a life-time high of Rs 7,059.75 in today’s intraday session.
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