Bajaj Auto ., one of the leading players in the Indian automobile industry, has been in the news recently due to its stock performance. On November 26, 2024, the company’s stock saw a decline of -3.01%, underperforming the sector by -1.25%. However, despite this recent dip, MarketsMOJO has given a ‘Buy’ call for Bajaj Auto’s stock.
Taking a closer look at the price summary, we can see that the stock has been on a downward trend for the past 5 days, with a fall of -3.89% during this period. On the same day, the stock also touched an intraday low of Rs 9159.15, showing a decline of -2.88%. Additionally, Bajaj Auto’s stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.
Despite these recent setbacks, Bajaj Auto’s 1 day and 1 month performance is still better than that of the Sensex, with a decline of -3.10% and -10.46% respectively, compared to the Sensex’s -0.21% and 0.68% performance.
As a largecap company in the automobile industry, Bajaj Auto has a strong presence and a solid track record. While the recent stock performance may be a cause for concern, it is important to note that MarketsMOJO has given a ‘Buy’ call for the stock, indicating potential for growth in the future. Investors should keep an eye on Bajaj Auto’s stock and consider their options carefully before making any decisions.
