Bajaj Auto share price settles at ₹11,500; stock slips 0.80% on September 17

Key Takeaways

• Bajaj Auto lost ₹93 or 0.80% to finish at ₹11,500 after trading across a comparatively wide ₹141 range during the session. 
• The close remained ₹89.80 above the 50-day DMA and nearly ₹1,200 above the 200-day DMA of ₹10,304.60. 
• Six-month and one-year returns were almost identical at 26.75% and 26.76%, despite the negative one-month reading of 1.71%. 

A ₹141 spread separated Bajaj Auto's September 17 high and low. The stock reached ₹11,576 at the upper end and ₹11,435 at the lower end before finishing at ₹11,500. Bajaj Auto share price was therefore down ₹93, or 0.80%, for the session from a previous close of ₹11,593. The opening print was ₹11,568. 

The closing price sat fairly close to the middle of the day's range, ₹65 above the low and ₹76 below the high. Volume reached 170,781 shares. Bajaj Auto's market capitalisation was ₹3,21,423 crore, while its 52-week range extended from ₹8,492 to ₹12,470. At the latest close, ₹970 separated the stock from the annual high. The gap above the 52-week low was ₹3,008. 

Moving-average comparisons placed the September 17 price above each of the three measures carried on the page. The 50-day DMA was ₹11,410.20, leaving the close ₹89.80 higher. The gap widened substantially against the 100-day DMA of ₹10,910. The 200-day DMA stood at ₹10,304.60, about ₹1,195 below the final price. 

Recent returns also show a pronounced difference between the shortest period and the longer windows. The one-month return was -1.71%. Three-month performance was 15.71%, followed by 26.75% over six months. The one-year return was 26.76%, effectively level with the six-month figure to two decimal places. 

The September 17 decline came after an opening only ₹25 below the previous closing level. Bajaj Auto moved lower to ₹11,435, then recovered part of that decline before the end of the session. The final ₹11,500 price remained above the 50-day, 100-day and 200-day averages even after the day's 0.80% fall. Within the annual range, the share remained nearer the ₹12,470 high than the ₹8,492 low in absolute rupee terms, although nearly ₹1,000 still separated it from the 52-week peak.