Bajaj Auto shares: Bajaj Auto's smaller-than-expected buyout offer may not inspire investor enthusiasm
Bajaj Auto shares: Bajaj Auto’s smaller-than-expected buyout offer may not inspire investor enthusiasm
At Rs 4,600 per share, the buyback price is more than 19% premium to Monday’s BSE closing price of Rs 3,862.1. Synopsis The buyout is expected to boost pre-tax earnings on investment (RoCE) by 100 basis points to 18%, with a 23% increase in projected earnings per share (EPS) likely in FY23. Bajaj Auto’s FY23 individual earnings per share forecast is Rs 197 per share, according to Bloomberg…
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