Bajaj Auto Shows Short-Term Resilience Amid Long-Term Performance Challenges

Bajaj Auto Ltd., a prominent player in the Automobile Two & Three Wheelers industry, has shown notable activity today, aligning its performance with sector trends. The stock has experienced a consecutive gain over the last two days, rising by 1.46%. It opened at Rs 8,250 and has maintained this price throughout the trading session.
In terms of moving averages, Bajaj Auto's current price is higher than its 5-day, 20-day, and 50-day moving averages, yet it remains below the 100-day and 200-day moving averages. The company's market capitalization stands at Rs 2,31,483.61 crore, categorizing it as a large-cap stock. The price-to-earnings (P/E) ratio is recorded at 30.54, which is below the industry average of 33.14.

Over the past year, Bajaj Auto has faced a decline of 4.53%, contrasting with the Sensex's performance of 8.33%. However, in the short term, the stock has shown resilience, with a 1-day performance of 0.60% compared to the Sensex's slight dip of 0.14%. Overall, Bajaj Auto's long-term performance remains robust, with significant gains over three, five, and ten years.