Bajaj Auto Stock Update: Shares Gain Ahead of Buyback Record Date

Bajaj Auto Ltd. (NSE: BAJAJ-AUTO) is trading modestly higher in early intraday deals, currently at INR 10,234.00, marking a +0.42% increase from its previous close of INR 10,191.00. The stock opened higher at INR 10,249.00 and touched an intraday high of INR 10,259.00 before retreating slightly to its current levels, with the intraday low standing at INR 10,210.00. Trading volume, at 54,444 shares so far, appears subdued in these initial hours, typically seen for a stock of this stature, but could pick up as the session progresses, particularly given the day's significant corporate action.

52-Week Context of Bajaj Auto Stock

The current trading price of Bajaj Auto at INR 10,234.00 places it firmly within its annual range. The stock's 52-week high stands at INR 10,834.00, while its 52-week low is INR 7,858.50. Today's marginal gain sees the scrip moving comfortably above its annual low, but remains some distance from its 52-week peak. The stock has demonstrated strong performance over the longer term, gaining 22% in the past year, and a substantial 122% over three years, with a five-year return of approximately 142%. Stock Market Today: Sensex, Nifty Open Subdued Amid Easing West Asia Tensions.

Latest Developments

The primary catalyst driving investor attention for Bajaj Auto today is its upcoming share buyback program. The company has set Wednesday, June 24, 2026, as the record date for its substantial INR 5,633 crore share buyback. Critically, today, Tuesday, June 23, 2026, marks the last trading day for investors to purchase Bajaj Auto shares and be eligible to participate in this buyback offer. The buyback price has been fixed at INR 12,000 per share, which represents a significant premium of over 19% compared to the stock's previous closing price.

This tender offer route buyback, involving up to 46.94 lakh equity shares, or 1.68% of the company's paid-up equity capital, is the largest in Bajaj Auto's history. While analysts like Seema Srivastava of SMC Global Securities note the relatively small size of the buyback in terms of outstanding equity, she suggests participation could be worthwhile for small investors who can acquire shares within the ₹2 lakh eligibility limit, citing Bajaj Auto's strong balance sheet and shareholder-friendly capital allocation. Tata Consultancy Services Stock Update: Shares Slip 1.95% on IT Sector Weakness.

Beyond the buyback, analyst sentiment towards Bajaj Auto remains largely positive. A consensus "Buy" rating from multiple analysts is observed, with average 12-month price targets ranging from approximately INR 10,842.61 to INR 11,064.76. This positive outlook is underpinned by strong Q4FY26 operational performance and robust export momentum. The broader Indian auto sector has also shown resilience, with retail vehicle sales achieving record highs in May, growing nearly 10% year-on-year, despite prevailing economic headwinds.

For the remainder of the session, traders will be closely watching for any uptick in trading volumes as the deadline for buyback eligibility approaches. Further price movements will likely hinge on sustained buying interest related to the buyback, alongside broader market trends and any fresh sector-specific news.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Jun 23, 2026 09:50 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).