Bajaj Auto shares came under pressure on June 24, emerging among the top losers on the Nifty 50 index after the company disclosed a cybersecurity incident involving a ransomware attack. The stock declined by as much as 2.5 percent during trading as investors assessed the potential implications of the breach on business operations.

In a regulatory filing, Bajaj Auto informed investors that it had detected a cyberattack affecting certain information technology assets. The company stated that the incident involved ransomware, a type of malicious software that can restrict access to systems or data until a ransom demand is met.

The automaker said it immediately activated its cybersecurity response protocols and implemented necessary precautionary measures to mitigate the impact of the attack. According to the company, these actions have so far been effective in containing the incident and ensuring business continuity.

Bajaj Auto further noted that it is conducting a detailed assessment of the event and continues to monitor its systems closely. The company did not disclose any material disruption to manufacturing operations, customer services, or financial performance at the time of the announcement.

The incident highlights the growing cybersecurity risks faced by large corporations as ransomware attacks become increasingly sophisticated and target critical business infrastructure. Investors will likely monitor further updates from the company regarding the extent of the breach, potential data exposure, and any operational impact.