Bajaj Auto Faces Continued Decline Amid Broader Market Trends and Historical Resilience
Bajaj Auto has faced recent declines, underperforming the automobile sector and trading below key moving averages. With a market capitalization of Rs 2,31,423.57 crore and a P/E ratio of 31.91, the stock has seen a 13.67% drop over the past year, contrasting with the Sensex's gains.
Bajaj Auto, a prominent player in the large-cap automobile sector, has experienced notable activity today, underperforming the sector by 0.67%. The stock has faced consecutive declines over the past two days, resulting in a total drop of 2.87%. Today, it opened at 8,252.05 and has remained at this price point throughout the trading session.In terms of moving averages, Bajaj Auto is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The company's market capitalization stands at Rs 2,31,423.57 crore, with a price-to-earnings (P/E) ratio of 31.91, slightly below the industry average of 32.47.
Over the past year, Bajaj Auto has seen a decline of 13.67%, contrasting sharply with the Sensex's performance of 5.96%. In the short term, the stock has also lagged behind the Sensex, with a 1-day performance of -0.98% and a 1-week performance of -3.00%. Despite these challenges, the company has shown resilience over longer periods, with a remarkable 3-year performance of 119.07% and a 5-year performance of 189.60%.
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