Bajaj Auto Shows Resilience Amid Sector Underperformance and Long-Term Growth Trends

Bajaj Auto Ltd., a prominent player in the automobiles industry, has shown notable activity today, albeit underperforming the sector by 0.25%. The stock has been on a gaining streak for the past four days, accumulating a total return of 1.4% during this period. Today, it opened at Rs 8,470 and has maintained this price throughout the trading session.
In terms of moving averages, Bajaj Auto's stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, yet it remains below the 200-day moving average. The company's market capitalization stands at Rs 2,35,834.45 crore, categorizing it as a large-cap stock. The price-to-earnings (P/E) ratio is recorded at 32.22, slightly below the industry average of 32.93.

Over the past year, Bajaj Auto has experienced a decline of 11.37%, contrasting with the Sensex's positive performance of 4.33%. However, the stock has shown resilience over longer periods, with a remarkable 120.82% increase over the last three years and a substantial 196.06% rise over the past five years.