Bajaj Auto defers share buyback; Shekhar Bajaj steps down

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.