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

Image- company official website

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

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

Profit After Tax6,0606,1664,857
₹ Amount in Crores

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