Bajaj Auto share price

Bajaj Auto Stock Rollercoaster: Share Price Jumps and Dips

Bajaj Auto share price is on a wild ride! Find out the latest updates and surprises in the stock market world.

Bajaj Auto's stock price has been a rollercoaster in the past few days. On January 4, 2024, the share price dipped by -0.61%, closing at 6989.4 per share. However, just a day later, on January 5, the price dropped further by -1.01%, closing at 6918.55 per share. Amidst these fluctuations, Bajaj Auto shares have also seen significant highs. The stock surged 5.96% to hit a one-year high of Rs 7059.75, reflecting optimism in the market.

Excitement reached new heights with news of Bajaj Auto considering a share buyback on January 8. This announcement led to a remarkable surge in the stock price, hitting an all-time high of Rs 7059.75. If approved, this buyback will be the second time Bajaj Auto engages in such a move, following the successful launch of a buyback worth Rs 2500 in July 2022.

In an exclusive interaction with CNBC-TV18, Bajaj Auto's Managing Director, Rajiv Bajaj, expressed the company's satisfaction with their performance in 2023, hinting at a strong financial year closure. As the board gears up for the pivotal meeting on January 8, the market eagerly anticipates the decision on the share buyback proposal.

Stay tuned for more updates on Bajaj Auto's stock journey as it continues to make headlines with its dynamic performance and strategic decisions in the market.