Bajaj Auto stock plummets to 4-month low, slides 29% from recent peak. Can it fall more?

Shares of Bajaj Auto, one of the leading manufacturers of two-wheelers, fell nearly 2% in trade on Thursday, November 28 to hit a 4-month low of ₹9,013 per share. In intra-day trade, the stock briefly gave up the ₹9,000 level to trade at ₹8,992 apiece. The stock has been on a downward trend since it reached an all-time high of ₹12,774 per share in late September, marking a 29.5% correction from that peak.

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Bajaj Auto Share Price Rises On Reporting Best July Sales in Eight Years

Key sales highlights: ✅ Domestic motorcycle sales rose 22 percent to 2,01,433 units ✅ Motorcycle exports rose 31 percent to 1,31,247 units ✅ Total motorcycle sales rose 25 percent to 3,32,680 units ✅ Domestic commercial vehicle sales rose 67 percent to 36,078 units ✅ Commercial vehicle exports rose 51 percent to 67,663 units Shares …

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