Bajaj Auto Ltd extends upmove

Capital Market 

Bajaj Auto Ltd is quoting at Rs 2921.05, up 0.22% on the day as on 12:49 IST on the NSE. The stock is up 2.41% in last one year as compared to a 4.4% spurt in NIFTY and a 9.59% spurt in the Nifty Auto.

Bajaj Auto Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2921.05, up 0.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 11466.1. The Sensex is at 38873.55, up 0.09%. Bajaj Auto Ltd has dropped around 3.37% in last one month.

Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has dropped around 2.53% in last one month and is currently quoting at 7945, up 0.47% on the day. The volume in the stock stood at 4.8 lakh shares today, compared to the daily average of 9.63 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 2930, up 0.16% on the day. Bajaj Auto Ltd is up 2.41% in last one year as compared to a 4.4% spurt in NIFTY and a 9.59% spurt in the Nifty Auto index.

The PE of the stock is 18.71 based on TTM earnings ending June 20.

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First Published: Fri, September 11 2020. 13:01 IST