Bajaj Auto Shows Resilience with Strong Long-Term Gains Amid Recent Sector Performance

Bajaj Auto Ltd., a prominent player in the automobiles sector, has shown notable activity today, outperforming its sector by 0.25%. The stock has been on a positive trajectory, gaining for the last two days with a total return of 0.76% during this period. It opened at Rs 8,417.05 and has maintained this price throughout the trading session.
In terms of moving averages, Bajaj Auto's stock is currently above the 5-day, 50-day, and 100-day moving averages, while it remains below the 20-day and 200-day moving averages. The company's market capitalization stands at Rs 2,33,826.58 crore, categorizing it as a large-cap stock. The price-to-earnings (P/E) ratio is recorded at 31.96, slightly below the industry average of 32.93.

Over the past year, Bajaj Auto has faced a decline of 11.56%, contrasting with the Sensex's performance of 4.11%. However, the company has demonstrated resilience with a remarkable 127.49% increase over the past three years and an impressive 185.35% rise over the last five years, significantly outpacing the Sensex during the same periods.