Bajaj Auto NSE -5.14 % was the biggest loser on both the Nifty and the Sensex on Tuesday
Sources told CNBC-TV18 that the board would meet again in a few days to decide on the buyback
Bajaj Auto defers share buyback proposal; stock dips 5%
The inventory misplaced as a whole lot as 7% intraday on each the bombay stock trade and the country wide stock
06% decrease at ₹3,684 on the bombay stock exchange.
Morgan Stanley has an 'equal-weight' rating on Bajaj Auto with a target price of Rs 4,182 per share.
After more than two decades, the company had announced plans to buy back shares on June 9
Another move to make sure Nifty goes down
All Nifty companies need to announce buyback in July earnings.