Bajaj Auto share buyback: Should you sell shares or skip the offer?
The buyback price was 20.64 per cent or Rs 787.2 higher to the Friday's close of Rs 3,812.80 on BSE.
Shares of Bajaj Auto were in focus today a day after the firm announced a share buyback worth Rs 2,500 crore. The buyback represents 9.61 per cent of the total paid up share capital. The firm said its board cleared buyback of shares at a price not exceeding Rs 4,600.
The buyback price was 20.64 per cent or Rs 787.2 higher to the Friday's close of Rs 3,812.80 on BSE. Meanwhile, shares of Bajaj Auto were trading 0.34 per cent higher at Rs 3,875 against the previous close of Rs 3,862.05.
The auto stock touched an intraday high of Rs 3,906 on BSE. It also fell to an intraday low of Rs 3,784.3, falling 2.01 per cent on BSE.
Shares of Bajaj Auto were trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The stock has gained 19.14 per cent in 2022 and fallen 7.4 per cent in a year.