The Bajaj Auto’s share price has been on a steady decline over the past year. In comparison to other auto stocks, Bajaj Auto is currently trading at a 52-week low. Analyst opinions are divided on the impact of demonetisation on the company’s share price. However, the market cap and daily trading volume of Bajaj Auto remain relatively stable. The beta of the stock is also low, indicating that it is a good investment prospect.
What has been the trend in Bajaj Auto’s share price over the past year
Bajaj Auto’s share price has been on a roller coaster ride over the past year. The stock hit a 52-week high of Rs 3,498 in February 2020 and a 52-week low of Rs 1,932 in March 2020. The stock has recovered from its lows and is currently trading at Rs 2,500.
Investors have been bullish on Bajaj Auto due to its strong fundamentals. The company is the world’s largest two-wheeler manufacturer and has a strong presence in the Indian market. The company has been consistently profitable and has an enviable track record.
The stock is trading at a PE ratio of 20 and a dividend yield of 2%. The company has a strong balance sheet with zero debt.
Bajaj Auto is a safe bet for long-term investors. The stock is likely to continue its upward trend in the coming years.
How has Bajaj Auto’s share price performed compared to other auto stocks
Bajaj Auto is one of the largest two-wheeler manufacturers in India. The company has a market capitalization of over Rs 1 lakh crore and its shares are traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Bajaj Auto’s share price has outperformed other auto stocks in recent years.
In the last five years, Bajaj Auto’s share price has risen by nearly 50%. In contrast, other auto stocks have languished. For example, Hero MotoCorp’s share price is up just 10% over the same period. Similarly, TVS Motor Company’s share price is up 20%. Even luxury carmaker BMW’s shares have not performed as well as Bajaj Auto’s, with a 5-year return of just 35%.
There are several reasons for Bajaj Auto’s outperformance. Firstly, the company has a strong presence in rural markets, which have been growing faster than urban markets. Secondly, Bajaj Auto has been successful in launching new products that have found favour with customers. For instance, its newly launched Platina H-Gear motorcycle has been very popular. Thirdly, the company has a diversified product range, which gives it an edge over its competitors.
Looking ahead, we believe that Bajaj Auto is well positioned to continue its outperformance. The company is benefiting from tailwinds such as the rural revival and the continued growth of the two-wheeler market. We believe that Bajaj Auto is a good long-term investment for investors looking to profit from the growth of the Indian automotive industry.
What is Bajaj Auto’s current share price
As of September 2, 2020, Bajaj Auto’s current share price was Rs. 3,011.40. The company’s stock has been trading on the National Stock Exchange of India since May 1995. Bajaj Auto is a leading two-wheeler and three-wheeler manufacturer in India with a market share of 18.4% in the two-wheeler segment and 36.6% in the three-wheeler segment. The company has a strong presence in the domestic market as well as in exports.
What is Bajaj Auto’s 52-week high and low stock price
Bajaj Auto’s 52-week high stock price is Rs. 4,629.95 and its 52-week low stock price is Rs. 2,625.00.
What analysts are saying about Bajaj Auto’s share price
Bajaj Auto’s share price has been on a roller coaster ride in recent weeks, with analysts predicting anything from a sharp rebound to a further decline.
The stock hit a 52-week low of Rs 1,637 on May 23, 2019, before rallying to Rs 2,383 on June 3, 2019, only to fall back below the Rs 2,000 mark on June 10, 2019.
At the current price of Rs 1,942, the stock is down 27% from its 52-week high and up 18% from its 52-week low. So, what are analysts saying about Bajaj Auto’s share price?
Well, it depends on who you ask.
On the one hand, there are those who believe that the recent decline is an opportunity to buy into a quality stock at a discount. They point to the company’s strong fundamentals, including its market-leading position in the motorcycle segment and its diversified product portfolio.
On the other hand, there are those who believe that the stock is still overvalued and that it could fall further in the near term. They point to the company’s slowing growth and declining margins as reasons for their bearishness.
So, which side is right?
Only time will tell, but in the meantime, here’s a summary of what analysts are saying about Bajaj Auto’s share price.
How has demonetisation affected Bajaj Auto’s share price
Bajaj Auto’s share price has been affected by demonetisation in a number of ways. Firstly, the company’s sales have been hit hard by the cash crunch, with many customers deferring purchases or opting for cheaper alternatives. This has led to a sharp decline in demand for Bajaj’s products, and consequently, its share price. Secondly, the company has had to contend with higher costs associated with demonetisation, such as those related to currency exchange and transportation. These increased costs have also taken a toll on Bajaj’s share price. Finally, the overall economic slowdown caused by demonetisation has impacted Bajaj’s share price as well.
What is the market capitalisation of Bajaj Auto
Bajaj Auto is one of the world’s largest manufacturers of motorcycles and three-wheelers. It is also one of the leading producers of auto rickshaws. The company has a strong presence in over 50 countries and its products are sold in over 70 countries. Bajaj Auto has a market capitalisation of over Rs. 60,000 crores.
How many shares of Bajaj Auto are traded daily
Bajaj Auto is one of the most popular stocks in India, and it is not surprising that it is also one of the most heavily traded stocks on the Indian stock exchanges. On an average day, over two million shares of Bajaj Auto are traded on the Bombay Stock Exchange alone. This represents a significant amount of trading activity, and it is clear that investors have a lot of confidence in this company.
What is the beta of Bajaj Auto’s stock
Bajaj Auto’s beta is a measure of the volatility of the company’s stock price in relation to the market. A high beta means that the stock is more volatile than the market, while a low beta means that it is less volatile. Bajaj Auto’s beta is 0.85, which means that it is less volatile than the market.
Is Bajaj Auto a good long-term investment
Bajaj Auto is one of the oldest and most trusted brands in India. It is a well-established company with a strong track record. The company has a good reputation for quality and service, and its products are widely available. Bajaj Auto is a good long-term investment because it is a relatively safe and stable company with a strong brand.