Скачать или смотреть Bajaj Auto Stock Hits Peak After Buyback News. Where Will It Go From Historic Levels?

#bajajauto #bajajstocks #bajajshares #stockmarket #businessnews
According to AK Prabhakar of IDBI Capital, Bajaj Auto's buyback news is huge and will generate significant wealth for investors. AK Prabhakar is also optimistic about Mahindra & Mahindra within the automotive sector, projecting a potential return of 20-25% within a span of 12 to 15 months. Bajaj Auto's shares soared to achieve an all-time high, prompted by the company's announcement to deliberate a share buyback during its board meeting on 8 January. This development follows a previous instance where the company executed a ₹2,500 crore share buyback in July 2022, pricing its shares at ₹4,600 each through the open market route. Notably, Managing Director Rajiv Bajaj has suggested that this upcoming buyback is expected to be substantially larger.
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