India's Bajaj Consumer Care rises over 3% on share buyback approval

Bajaj Consumer Care

09/12/2022 07:01

** Shares of Bajaj Consumer Care Ltd  BACO.NS  rise as much
as 3.51% to 184.4 rupees    
    ** The personal care products maker approved proposal for
buy back of shares worth upto 808.9 mln rupees, per exchange
filing
    ** Buyback of shares will be through open market at 240
rupees per share
    ** Stock set for second consecutive session of gains  
    ** Five of the nine analysts covering the stock have a "buy"
or higher rating, two have "hold" while two rate it at "sell" or
lower; median PT is 192.00 rupees - Refinitiv data
    ** Up to last close, stock down 10% YTD, vs the Nifty FMCG
 .NIFTYFMCG  index which rose 21.8%
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))