Stock Hit All Time High After Approval Of Rs 4,000 Crore Buyback

According to an exchange filing on Thursday, shareholders of the leading two-wheeler company have greenlit a buyback plan for 40 lakh shares. The buyback will be executed through the tender offer route, with a maximum price of Rs 10,000 per share, representing a 15% premium over the current market price.

In separate news, on the Bombay Stock Exchange (BSE), shares of Bajaj Auto Ltd concluded the trading session at ₹8,357.00, marking an increase of ₹236.40, or 2.91%.

On Friday (February 16), Bajaj Auto Ltd announced February 29 as the record date to ascertain eligible shareholders who can partake in the share buyback program

Financial Ratio

Particulars	Value
Market Cap	₹ 2,35,749 Cr.
Current Price	₹ 8,325
Stock P/E	31.8
EPS	₹ 262
ROCE	26.2 %
ROE	20.2 %
Debt to equity	0.00
Debt	₹ 125 Cr
Promoter holding	54.9 %
FII holding	14.6 %
DII holding	8.66 %
Profit growth	31.3 %
Sales growth	19.0 %
Return over 3years	26.5 %
PEG Ratio	4.46

Sales, Expenses, Profit & Loss

Particular	2023	2022	2021
Sales	36,455	33,145	27,741
Expenses	29,991	27,886	22,803
Profit After Tax	6,060	6,166	4,857

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