Bajaj Auto Shows Resilience Amidst Mixed Performance in Automobile Sector

Bajaj Auto Ltd., a prominent player in the automobiles sector, has shown notable activity today, outperforming its sector by 0.43%. The stock has been on a positive trajectory, gaining for three consecutive days and recording a total return of 1.44% during this period. Today, it opened at Rs 8,473.8 and has maintained this price throughout the trading session.
In terms of moving averages, Bajaj Auto's current price is above its 5-day, 50-day, and 100-day averages, yet it remains below the 20-day and 200-day moving averages. The company's market capitalization stands at Rs 2,34,928.26 crore, categorizing it as a large-cap stock. The price-to-earnings (P/E) ratio is 32.13, slightly lower than the industry average of 32.87.

Over the past year, Bajaj Auto has experienced a decline of 12.70%, contrasting with the Sensex's performance of 4.16%. However, the stock has shown resilience in the longer term, with a remarkable 121.25% increase over the past three years and a substantial 195.46% rise over the last five years.