Bajaj Auto's m-cap surpasses Rs 2 trillion-mark on Rs 4,000-crore buyback

Bajaj Auto's Board has board approved Rs 4,000-crore share buyback at Rs 10,000 per share

Bajaj Auto’s market capitalisation (market cap) hit Rs 2 trillion mark for the first time. The stock of the two and three-wheeler major rallied 6 per cent to hit a new high of Rs 7,420 on the BSE in Tuesday’s intraday trade after its board approved Rs 4,000 crore share buyback at Rs 10,000 per share. 
 

The stock ended the day at Rs 7,093.75, up 1.55 per cent and its market cap a shade above Rs 2 trillion. The buyback price is at a 41 per cent premium to the current closing price.
 

In the past one year, Bajaj Auto