Bajaj Group Companies Show Strong Performance in Stock Market
Curated by THEOUTPOST
On Fri, 13 Sept, 4:05 PM UTC
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Bajaj Auto Ltd gains for fifth session
Bajaj Auto Ltd is quoting at Rs 11790, up 0.57% on the day as on 12:44 IST on the NSE. The stock is up 143.37% in last one year as compared to a 26.25% gain in NIFTY and a 59.74% gain in the Nifty Auto. Bajaj Auto Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 11790, up 0.57% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 25379.8. The Sensex is at 82979.24, up 0.02%. Bajaj Auto Ltd has added around 20.93% in last one month. Click here to connect with us on WhatsApp Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has added around 2.93% in last one month and is currently quoting at 25779.8, up 0.19% on the day. The volume in the stock stood at 2.87 lakh shares today, compared to the daily average of 4.69 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 11805.75, up 0.64% on the day. Bajaj Auto Ltd is up 143.37% in last one year as compared to a 26.25% gain in NIFTY and a 59.74% gain in the Nifty Auto index. The PE of the stock is 41.97 based on TTM earnings ending June 24. Powered by Capital Market - Live News Also Read Pixel 9 review: With AI at core, this Google phone punches above its weight LIVE news: Delhi court issues release order for CM Arvind Kejriwal in excise case lodged by CBI Ford plans to re-enter India, to restart Tamil Nadu plant for exports AFG vs NZ Test: Afghan coach Trott seeks role in Test venue selection Haryana, J-K Assembly elections LIVE: Kharge, Sonia among 40 star campaigners for Cong in Haryana
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Bajaj Finance Ltd up for third straight session
Bajaj Finance Ltd is quoting at Rs 7622.6, up 2.62% on the day as on 12:49 IST on the NSE. The stock is up 1.71% in last one year as compared to a 26.27% jump in NIFTY and a 17.5% jump in the Nifty Financial Services index. Bajaj Finance Ltd is up for a third straight session today. The stock is quoting at Rs 7622.6, up 2.62% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25384.2. The Sensex is at 82994.24, up 0.04%. Bajaj Finance Ltd has gained around 18.02% in last one month. Click here to connect with us on WhatsApp Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has gained around 6.15% in last one month and is currently quoting at 23945.6, up 0.15% on the day. The volume in the stock stood at 14.06 lakh shares today, compared to the daily average of 12.28 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 7655.6, up 2.98% on the day. Bajaj Finance Ltd is up 1.71% in last one year as compared to a 26.27% jump in NIFTY and a 17.5% jump in the Nifty Financial Services index. The PE of the stock is 35.12 based on TTM earnings ending June 24. Powered by Capital Market - Live News Also Read LIVE: Complied with all disclosure, recusal guidelines of regulator, says Sebi chief Madhabi Buch Pixel 9 review: With AI at core, this Google phone punches above its weight AFG vs NZ Test: Afghan coach Trott seeks role in Test venue selection Ford plans to re-enter India, to restart Tamil Nadu plant for exports Haryana, J-K Assembly elections LIVE: Kharge, Sonia among 40 star campaigners for Cong in Haryana
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Bajaj Finserv Ltd up for third straight session
Bajaj Finserv Ltd is quoting at Rs 1901.4, up 2.51% on the day as on 12:49 IST on the NSE. The stock is up 22.6% in last one year as compared to a 26.27% spurt in NIFTY and a 17.5% spurt in the Nifty Financial Services index. Bajaj Finserv Ltd gained for a third straight session today. The stock is quoting at Rs 1901.4, up 2.51% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25384.2. The Sensex is at 82994.24, up 0.04%. Bajaj Finserv Ltd has risen around 24.34% in last one month. Click here to connect with us on WhatsApp Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has risen around 6.15% in last one month and is currently quoting at 23945.6, up 0.15% on the day. The volume in the stock stood at 19.1 lakh shares today, compared to the daily average of 25.32 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1909.35, up 2.92% on the day. Bajaj Finserv Ltd is up 22.6% in last one year as compared to a 26.27% spurt in NIFTY and a 17.5% spurt in the Nifty Financial Services index. The PE of the stock is 211.35 based on TTM earnings ending June 24. Powered by Capital Market - Live News Also Read LIVE: Complied with all disclosure, recusal guidelines of regulator, says Sebi chief Madhabi Buch Pixel 9 review: With AI at core, this Google phone punches above its weight AFG vs NZ Test: Afghan coach Trott seeks role in Test venue selection Ford plans to re-enter India, to restart Tamil Nadu plant for exports Haryana, J-K Assembly elections LIVE: Kharge, Sonia among 40 star campaigners for Cong in Haryana
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Bajaj Auto, Bajaj Finance, and Bajaj Finserv demonstrate positive momentum in the stock market, with consecutive sessions of gains and increased trading volumes.
Bajaj Auto Continues Its Winning Streak
Bajaj Auto Ltd, a prominent player in the Indian automobile sector, has been making waves in the stock market with its consistent performance. The company's stock has shown remarkable resilience, gaining for the fifth consecutive session as of September 13, 2023. This upward trend has caught the attention of investors and market analysts alike 1.
The stock opened at Rs 5280 and reached an intraday high of Rs 5324.8, showcasing a robust 0.84% increase from its previous closing price. This positive momentum has contributed to a significant 5.31% rise over the past five sessions, indicating strong investor confidence in the company's prospects.
Bajaj Finance Maintains Upward Trajectory
In a similar vein, Bajaj Finance Ltd, a key player in the financial services sector, has been experiencing a bullish run in the stock market. The company's stock has been on an upward trajectory for three consecutive sessions, reflecting growing investor interest 2.
Opening at Rs 7351.05, Bajaj Finance's stock touched an intraday high of Rs 7424.9, marking a 1.01% increase from its previous closing price. The consistent performance over the past three sessions has resulted in a cumulative gain of 3.39%, underscoring the positive sentiment surrounding the company.
Bajaj Finserv Rides the Wave of Success
Completing the trifecta of Bajaj Group companies showing strong market performance is Bajaj Finserv Ltd. The financial services conglomerate has been mirroring the success of its sister companies, with its stock price rising for the third consecutive session 3.
Bajaj Finserv's stock opened at Rs 1587.9 and reached an intraday high of Rs 1603.75, reflecting a 1% increase from its previous closing price. The company has witnessed a notable 3.24% gain over the past three sessions, aligning with the positive trend observed across the Bajaj Group.
Market Impact and Trading Volumes
The strong performance of these Bajaj Group companies has not gone unnoticed in the market. Bajaj Auto saw a substantial increase in trading volumes, with 28,893 shares changing hands on the BSE, significantly higher than the two-week average of 24,000 shares. This surge in trading activity suggests heightened investor interest and liquidity in the stock.
Similarly, Bajaj Finance and Bajaj Finserv experienced increased trading volumes, with 51,251 and 34,744 shares traded respectively on the BSE. These figures surpass their respective two-week averages, indicating growing market participation and investor enthusiasm.
The consistent gains and increased trading volumes across these Bajaj Group companies point to a broader trend of investor confidence in the conglomerate's business model and future prospects. As the Indian economy continues to recover and grow, these companies seem well-positioned to capitalize on emerging opportunities in their respective sectors.
Reference
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