Bajaj Auto Shows Resilience Amidst Mixed Long-Term Performance Trends

Bajaj Auto Ltd., a prominent player in the large-cap automobile sector, has shown notable activity today, outperforming its sector by 0.39%. The stock opened at Rs 8,799.3 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, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.
With a market capitalization of Rs 2,43,799.00 crore, Bajaj Auto's price-to-earnings (P/E) ratio stands at 32.36, slightly above the industry average of 32.35. The company's performance over the past year has been relatively subdued, with a decline of 1.25%, contrasting with the Sensex's gain of 9.16%. However, in the short term, Bajaj Auto has shown resilience, with a daily increase of 1.26% compared to the Sensex's 0.73%.

Over the past month, Bajaj Auto has performed well, gaining 10.01%, significantly outpacing the Sensex's 3.92% increase. The company's long-term performance remains strong, with a remarkable 281.77% increase over the past decade, compared to the Sensex's 199.00%.