Bajaj Auto Stock Declines 2.58% Over Three Days Amid Mixed Performance

Bajaj Auto Ltd., a prominent player in the automobiles sector, has experienced notable activity today, aligning its performance with the broader sector trends. The stock has faced a decline over the past three days, with a cumulative drop of 2.58%. Today, it opened at Rs 8,820 and has maintained this price throughout the trading session.
In terms of moving averages, Bajaj Auto's stock is currently above the 50-day, 100-day, and 200-day moving averages, indicating a longer-term positive trend, while it remains below the 5-day and 20-day moving averages, suggesting short-term fluctuations. The company's market capitalization stands at Rs 2,46,564.00 crore, categorizing it as a large-cap stock.

Bajaj Auto's price-to-earnings (P/E) ratio is 32.47, which is lower than the industry average of 35.70. Over the past year, the stock has seen a decline of 28.94%, contrasting with the Sensex's performance of -4.11%. However, its long-term performance remains robust, with a remarkable increase of 285.44% over the past decade compared to the Sensex's 215.79%.