Shares of Bajaj Auto Limited moved higher by over 2% in early trade on April 30, 2026, after the company informed exchanges that its board will consider a proposal for a share buyback at its upcoming meeting on May 6, 2026. The announcement boosted investor sentiment, pushing the stock close to the ₹9,800 mark during the morning session.
As of 10:50 AM IST, the stock touched an intraday high of ₹9,819, compared to its previous close of ₹9,543.50, after opening at ₹9,515. Buying interest remained firm through the session, with the stock trading in a range of ₹9,355 to ₹9,819. The momentum comes as the stock trades not far from its 52-week high of ₹10,187, reflecting sustained strength in recent months. Trading volumes also remained active, with over 2.14 lakh shares changing hands by mid-morning.
In its regulatory filing, the company stated that the board of directors will evaluate a proposal for the buyback of fully paid-up equity shares, along with other related matters. The proposal will be considered in line with the provisions of the Companies Act, 2013 and the regulations laid down by the Securities and Exchange Board of India under the Buy-back of Securities Regulations, 2018.
The company also reiterated that the trading window for dealing in its securities remains closed from April 1, 2026, to May 8, 2026, in compliance with insider trading norms. This restriction applies to designated persons and their immediate relatives, and will also cover the period during which the buyback proposal is under consideration.