Bajaj Electricals advances on bagging order worth Rs 391.45 crore

21 Aug 2017

Bajaj Electricals is currently trading at Rs. 338.00, up by 8.45 points or 2.56% from its previous closing of Rs. 329.55 on the BSE.

The scrip opened at Rs. 335.25 and has touched a high and low of Rs. 338.00 and Rs. 334.40 respectively. So far 2,456 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 387.85 on 05-Apr-2017 and a 52 week low of Rs. 202.50 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 338.00 and Rs. 301.00 respectively. The current market cap of the company is Rs. 3,417.00 crore.

The promoters holding in the company stood at 63.33%, while Institutions and Non-Institutions held 14.52% and 22.16% respectively.

Bajaj Electricals’ EPC (TLT) division has bagged an order worth Rs 391.45 crore from Transmission Corporation of Telangana. The said order is expected to be completed in next 18 months.

Scope of Work involves Supply, Erection, Testing & Commissioning of 400KV QMDC line, from 400 kV NTPC Common point (End of Multi Circuit Tower) to 400kV Narsapur Sub-station on Turnkey basis.

Bajaj Electricals is an electrical equipments manufacturing company. It is engaged in the manufacturing of domestic appliances such as water heaters, mixers, food processors, microwave ovens, air coolers, steam & dry irons, etc.


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