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Bajaj Electricals firms up on eyeing 17% growth in FY16 revenue

19 Jan 2015

Bajaj Electricals is currently trading at Rs. 249.85, up by 17.35 points or 7.46% from its previous closing of Rs. 232.50 on the BSE.

The scrip opened at Rs. 233.55 and has touched a high and low of Rs. 253.00 and Rs. 233.55 respectively. So far 306617 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 384.80 on 28-May-2014 and a 52 week low of Rs. 191.00 on 01-Dec-2014.

Last one week high and low of the scrip stood at Rs. 243.50 and Rs. 231.00 respectively. The current market cap of the company is Rs. 2514.34 crore.

The promoters holding in the company stood at 65.60 % while Institutions and Non-Institutions held 18.89 % and 15.51 % respectively.

Bajaj Electricals is expecting to achieve 17% rise in its revenues to Rs 5,500 crore in the next financial year, 2015-16. The company, which launched a new campaign for its light-emitting diode (LED) segment, is aiming for up to Rs 1,200 crore revenue from its lighting division.

The company is expecting to close this fiscal with a revenue base of Rs 4,700 crore. It had a turnover of Rs 4,000 crore in FY 2013-14. The company had sales of about Rs 92 crore from the LED segment this year and expects that to double in 2015-16.

Bajaj Electricals, part of the Rs 20,000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323