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Bajaj Auto Ltd sees sustained buying

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Capital Market
Last Updated : Dec 24 2020 | 1:31 PM IST

Bajaj Auto Ltd is quoting at Rs 3399, up 2.7% on the day as on 12:49 IST on the NSE. The stock is up 5.23% in last one year as compared to a 13.07% gain in NIFTY and a 10.54% gain in the Nifty Auto index.

Bajaj Auto Ltd rose for a third straight session today. The stock is quoting at Rs 3399, up 2.7% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.81% on the day, quoting at 13711. The Sensex is at 46756.37, up 0.67%. Bajaj Auto Ltd has added around 11.4% in last one month.

Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has added around 2.84% in last one month and is currently quoting at 8935.95, up 0.56% on the day. The volume in the stock stood at 11.55 lakh shares today, compared to the daily average of 9.45 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 3389.6, up 2.16% on the day. Bajaj Auto Ltd is up 5.23% in last one year as compared to a 13.07% gain in NIFTY and a 10.54% gain in the Nifty Auto index.

The PE of the stock is 22.59 based on TTM earnings ending September 20.

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First Published: Dec 24 2020 | 1:05 PM IST

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