The 50-day SMA of Maharashtra Scooters, formerly Bajaj Nivesh, was at 13,048.49, surpassing its 150-day SMA of 12,754.47. The company is engaged in the business of manufacturing dies, Jigs, fixtures, and die-casting components primarily for the automobile industry, etc. Also, the company is an unregistered Core Investment Company (‘CIC’). As a CIC, a minimum of 90% of its assets is invested in the Bajaj group and the balance in debt and other instruments.