Bajaj Auto to consider first share buyback in two years on May 6

This is the first instance in nearly two years that the company will be considering a buyback of equity shares. The last instance of Bajaj Auto doing so was back in March 2024.

By Meghna Sen

Bajaj Auto Ltd. on Thursday, April 30, announced that it will be considering a buyback of equity shares at the time of its board meet on May 6.

This is the first instance in nearly two years that the company will be considering a buyback of equity shares. The last instance of Bajaj Auto doing so was back in March 2024.

Back in 2024, Bajaj Auto had carried out a buyback at a price of ₹10,000 per share.

Brokerage firm BofA Securities has recently upgraded Bajaj Auto to a 'Buy' rating with a price target of ₹10,700.

The brokerage had said that the company's valuations are reasonable, positioning two wheelers as a defensive bet in the current macro environment. It added that better pricing discipline, along with export and foreign exchange tailwinds, could offset any slowdown in growth.

For Bajaj Auto, as per its February sales data, the domestic three-wheeler sales were up 25% from last year and overall sales in the segment for financial year 2026 so far is 7%.

46 analysts have coverage on Bajaj Auto, of which 27 have a "buy" rating, 11 say "hold", while eight have a "sell" rating on the stock.

Shares of Bajaj Auto from the lows of the day to trade nearly 3% higher at ₹9,775.50. The stock has risen 10% in the last one month.

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