Buyback Buzz: Bajaj Auto Shares Gain 3% Ahead Of May 6 Board Meet

Shares of Bajaj Auto were ruling higher in an otherwise weak market after the automaker announced plans to consider a buyback of equity shares

Shares of Bajaj Auto moved higher in an otherwise weak market on Thursday (April 30) after the company said its board will consider a proposal for a share buyback. The stock climbed as much as 2.86% to hit an intraday high of ₹9,815.25 on the BSE following the announcement.

Although it gave up some gains, the counter continued to attract buying interest. At 11:33 AM, Bajaj Auto shares were trading at ₹9,752.50, up 2.20% from the previous close of ₹9,542.10. In contrast, the benchmark BSE Sensex was down 1,152 points, or 1.49%.

In an exchange filing, the company said its board will consider a proposal for the buyback of fully paid-up equity shares, along with related matters, at its meeting scheduled for May 6, 2026. The automaker is also set to announce its March quarter results on the same day.

Earlier in the session, at 10:52 AM, the stock was trading around ₹9,762, up about 2.3%. This marks the first time in a little over two years that Bajaj Auto is considering a buyback. The last such instance was in March 2024, when the company carried out a ₹4,000-crore buyback at a price of ₹10,000 per share.

On the operational front, Bajaj Auto reported a 20% year-on-year rise in total sales for March at 4,45,377 units, compared with 3,69,823 units in the same month last year. Domestic sales grew 20% to 2,66,290 units, while two-wheeler sales in the domestic market rose to 2,21,021 units from 1,83,659 units a year ago.

Exports of two-wheelers increased 21% to 1,59,452 units, while total commercial vehicle sales rose 20% to 64,904 units. Domestic commercial vehicle sales stood at 45,269 units, and exports climbed 21% to 19,635 units, reflecting broad-based growth across segments.