Overview
- Bajaj Auto approved a Rs 5,633 crore repurchase at Rs 1,200 per share for up to 46.9 lakh shares, equal to 1.68% of its equity.
- The company reported Q4 net profit of Rs 2,746.13 crore with revenue at about Rs 16,006 crore and operating income at Rs 3,322.68 crore.
- The board recommended a final dividend of Rs 150 per share with a May 29 record date and payment targeted around July 24, subject to AGM approval.
- The stock rose more than 3% in Thursday trade after the results and capital-return moves, touching fresh highs during the session.
- The official exchange filing sets the buyback price at Rs 1,200 per share, countering separate reports that quoted Rs 12,000.