Bajaj Auto Maintains Steady Performance Amid Mixed Short-Term Market Trends

Bajaj Auto, a prominent player in the Automobile Two & Three Wheelers sector, has shown notable activity today, maintaining performance in line with the sector. The stock has experienced a consecutive gain over the past eight days, accumulating a total return of 9.67% during this period. Today, it opened at Rs 8,219.95 and has traded consistently at this price point.
In terms of moving averages, Bajaj Auto's stock is currently above its 5-day and 20-day moving averages, yet remains below the 50-day, 100-day, and 200-day moving averages. The company's market capitalization stands at Rs 2,26,301.99 crore, categorizing it as a large-cap entity. The price-to-earnings (P/E) ratio is recorded at 30.11, which is lower than the industry average of 35.67.

Over the past year, Bajaj Auto has faced a decline of 9.31%, contrasting with the Sensex's performance of 7.54%. In the short term, the stock has shown mixed results, with a 1-day performance of -0.26% compared to the Sensex's 0.43%. However, its long-term performance remains robust, with a remarkable 316.80% increase over the past five years.