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Bajaj Electricals surges on bagging orders worth Rs 3,577.93 crore from MWNL

17 Apr 2018 Evaluate

Bajaj Electricals is currently trading at Rs. 652.85, up by 33.65 points or 5.43% from its previous closing of Rs. 619.20 on the BSE.

The scrip opened at Rs. 640.30 and has touched a high and low of Rs. 659.65 and Rs. 640.30 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 663.55 on 04-Apr-2018 and a 52 week low of Rs. 294.50 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 659.65 and Rs. 611.00 respectively. The current market cap of the company is Rs. 6,652.00 crore.

The promoters holding in the company stood at 63.03%, while Institutions and Non-Institutions held 14.65% and 22.32% respectively.

Bajaj Electricals’ Engineering & Project Business Unit has bagged orders for ten Rural/Urban Electrification projects aggregating worth Rs 3,577.93 crore (including GST) from Madhyanchal Vidyut Vitaran Nigam (MWNL) under the Saubhagya Yojna of Government of India. The projects shall be completed within 15 months from the date of issue of LOI.

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.


Bajaj Electricals Share Price

391.55 3.70 (0.95%)
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