Bajaj Auto Shows Resilience Amid Broader Market Trends and Historical Decline

Bajaj Auto, a prominent player in the large-cap automobile sector, has shown notable activity today, aligning with broader market trends. The stock has experienced a consecutive gain over the past two days, reflecting a 1.03% increase during this period. Today, it opened at Rs 9,060 and has maintained this price level throughout the trading session.
In terms of performance metrics, Bajaj Auto is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short to long-term trend. The company's market capitalization stands at Rs 2,56,512.08 crore, with a price-to-earnings (P/E) ratio of 33.24, which is below the industry average of 36.28.

Over the past year, Bajaj Auto has faced a decline of 25.58%, contrasting with the Sensex's decrease of 3.13%. However, its recent performance has shown resilience, with a 1.46% increase today compared to the Sensex's modest gain of 0.14%. The company has also outperformed the Sensex over various time frames, including a 3-year growth of 148.37% and a remarkable 5-year increase of 207.84%.