Bajaj Auto . sees -4.6% decline in stock price, in line with sector trend

Bajaj Auto ., a leading player in the Indian automobile industry, has seen a decline in its stock price on November 4th, 2024. The stock has lost -4.6% and is currently trading at Rs 9401. This underperformance is in line with the overall trend in the sector, as the Automobile Two & Three Wheelers industry has fallen by -2.17%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Bajaj Auto . is 'Hold'. This is based on the stock's performance today, where it has underperformed the sector by -2.43%. The stock also touched an intraday low of Rs 9401, which is a decrease of -4.89%.

In terms of moving averages, Bajaj Auto . is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

Comparing Bajaj Auto .'s performance to the overall market, the stock has seen a decline of -4.79% in the past day, while the Sensex has only seen a decrease of -0.89%. In the past month, Bajaj Auto .'s performance has been even more significant, with a decline of -20.11%, compared to the Sensex's decrease of -3.27%.

While there may be speculation about the reasons behind Bajaj Auto .'s decline in stock price, it is important to note that this article is based solely on factual information and does not include any external data or sources. As a largecap company in the automobile industry, Bajaj Auto . continues to be a key player in the market and its performance will be closely watched by investors.