Bajaj Auto Shares Rally 1.18% as Board Okays ₹5,633-Crore Buyback, Declares ₹150 Dividend

Mumbai, May 8: Shares of Bajaj Auto were trading sharply higher on Friday morning, rising 1.18 per cent to ₹10,730.00 as of 11:10 am, buoyed by a blowout set of quarterly results declared the previous day and a massive share buyback announcement that together energised investor sentiment in the two-wheeler major.

The stock opened at ₹10,625.00, briefly dipped to an intraday low of ₹10,540.00 within the first few minutes of trade as early sellers tested support levels, before buyers stepped in decisively and drove the stock steadily higher through the morning session. From the low of ₹10,540.00, Bajaj Auto staged a sustained and almost uninterrupted recovery, climbing in a near-continuous uptrend through the 9:30, 10:00, and 10:30 marks to touch an intraday high of ₹10,748.50 just past 11:00 am — a swing of over ₹208 from the session low within roughly 90 minutes of trade.

With the session set to continue until approximately 3:30 pm, the stock’s strong upward momentum and healthy buying interest through the morning suggest bulls remain firmly in control, with any dip likely to attract fresh accumulation given the positive fundamental triggers on the table.

The weekly price action for Bajaj Auto tells an equally compelling story of a stock finding its footing after a brief mid-week correction and then surging on results-driven optimism. The stock opened the week around ₹10,150 on May 4, slipped to a weekly low of approximately ₹10,050 on May 5 as broader market sentiment remained cautious, before mounting a sharp and sustained recovery from May 6 onwards.

From the May 5 though, Bajaj Auto gained nearly ₹680 to Thursday’s close of ₹10,605, and Friday’s intraday high of ₹10,748.50 extends the weekly recovery to over ₹700 from the low, making it one of the strongest weekly performers in the Nifty Auto pack.

Bajaj Auto reported a standalone net profit of ₹2,746 crore for Q4 FY26, a sharp 34 per cent rise from the year-ago period, while revenue from operations climbed 32 per cent year-on-year to ₹16,005 crore, driven by robust sales across motorcycles and commercial vehicles. EBITDA for the quarter surged 36 per cent to ₹3,323 crore as operating margins expanded to 20.8 per cent, aided by strong demand for higher-margin adventure and sports motorcycles, favourable foreign exchange realisations, and the company’s strongest-ever quarterly performance from its KTM-Triumph portfolio, where revenue jumped 40 per cent year-on-year following Bajaj’s acquisition of Austria-based KTM last year.

Investor enthusiasm received a further significant boost after the board approved a ₹5,633 crore share buyback  one of the largest in the company’s history signalling strong management confidence in Bajaj Auto’s long-term growth trajectory.

Alongside the buyback, the board also declared a dividend of ₹150 per share with May 29 fixed as the record date, combining with the stellar earnings to deliver a comprehensive set of positive triggers that have firmly placed Bajaj Auto among the most closely watched stocks on Dalal Street heading into the weekend.

Source:

• NSE