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Bajaj Auto Ltd sees good buying

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Capital Market

Bajaj Auto Ltd is quoting at Rs 2657, up 3.88% on the day as on 12:54 IST on the NSE. The stock is down 12.81% in last one year as compared to a 22.23% slide in NIFTY and a 30.26% slide in the Nifty Auto index.

Bajaj Auto Ltd is up for a third straight session today. The stock is quoting at Rs 2657, up 3.88% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 9128.85. The Sensex is at 31047.12, up 0.74%. Bajaj Auto Ltd has gained around 11.65% in last one month.

 

Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has gained around 5.97% in last one month and is currently quoting at 5603.8, up 2.63% on the day. The volume in the stock stood at 26.13 lakh shares today, compared to the daily average of 8.7 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 2653, up 4.01% on the day. Bajaj Auto Ltd is down 12.81% in last one year as compared to a 22.23% slide in NIFTY and a 30.26% slide in the Nifty Auto index.

The PE of the stock is 15.24 based on TTM earnings ending December 19.

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First Published: May 21 2020 | 1:05 PM IST

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