Stock Radar: In the fast lane! Bajaj Auto nearly doubles investors’ wealth in a year; consolidates near 40-EMA

Bajaj Auto's share price soared by over 99% in a year, increasing from Rs 4,859 on July 14, 2023, to Rs 9,685 on July 15, 2024. It hit a record high of Rs 10,037 on June 18, 2024, but the rally lost steam soon after. Following this, the stock corrected a little before finding support above the 40-Day Exponential Moving Average (EMA) on the daily charts in July.