Bajaj Auto Extends Losses After Share Buyback Is Deferred

On Tuesday, the company said Shekhar Bajaj has tendered his resignation as non-executive director of the company with effect from June 30.

Bajaj Auto has announced a dividend of Rs 140, payable on July 30. The stock will trade ex-dividend on June 30.

Of the 53 analysts tracking the company, 39 maintain ‘buy’, 10 suggest ‘hold’ and four recommend ‘sell’, according to Bloomberg. The average of 12-month analyst price targets imply a return potential of 14.8%.