India's Bajaj Consumer Care up 5% on share buyback plan

Bajaj Consumer Care

06/12/2022 04:06

** Shares of Bajaj Consumer Care  BACO.NS  rise as much as
5% to 184.65 rupees, highest level since April 7
    ** The personal care products maker will consider a proposal
for buy back of fully paid-up equity shares at its Board meeting
on Dec 9, as per an exchange filing
    ** Stock set for sixth consecutive session of gains
    ** More than 924,000 shares traded by 09:18 a.m. IST, 2x
30-day avg of 460,411 shares
    ** 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 11.36% YTD, versus the Nifty
FMCG index  .NIFTYFMCG  which rose 20.15%
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))