Bajaj Auto Shows Resilience Amid Mixed Market Trends in January 2025

Jan 29 2025 09:35 AM IST
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Bajaj Auto Ltd. has experienced notable trading activity, gaining 4.2% on January 29, 2025, and outperforming its sector. The stock has shown a consistent upward trend over four days, reaching an intraday high while reflecting mixed momentum in moving averages. Its performance remains relatively strong amid broader market challenges.
Bajaj Auto Ltd., a prominent player in the automobile two and three-wheelers sector, has shown significant activity today, gaining 4.2% on January 29, 2025. This performance has allowed the stock to outperform its sector by 3.57%. Over the past four days, Bajaj Auto has demonstrated a consistent upward trend, accumulating a total return of 4.52%.

During today's trading session, the stock reached an intraday high of Rs 8803.7, reflecting a 4.53% increase. In terms of moving averages, Bajaj Auto's current price is above the 5-day and 20-day moving averages, yet remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed short- to medium-term momentum.

In the broader context, the automobile two and three-wheelers sector has also seen a gain of 3.47%. Over the past month, Bajaj Auto's performance has been slightly negative at -2.24%, which is an improvement compared to the Sensex's decline of -3.28%. This data highlights the stock's relative strength in a challenging market environment.
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