Bajaj Auto Ltd. Stock Performance Declines, Underperforms Sector and Market

Bajaj Auto Ltd., a leading player in the Indian automobile industry, has been facing a downward trend in its stock performance. On October 29, 2024, the company's stock lost -3.5%, underperforming the sector by -1.58%. This has led to a 'Hold' call by MarketsMOJO for investors.

The stock has been on a consecutive fall for the last 4 days, with a significant decline of -8.34% during this period. On the same day, the stock touched an intraday low of Rs 9645, showing a decrease of -3.63%. However, it is worth noting that the stock is still performing better than the 200-day moving average, but is lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the overall market performance, Bajaj Auto Ltd. has underperformed with a -2.85% decline, while the Sensex has only seen a -0.46% decrease. Similarly, in the last month, the company's stock has shown a decline of -23.34%, while the Sensex has only seen a -6.94% decrease.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.