Bajaj Electricals is currently trading at Rs. 409.70, up by 4.00 points or 0.99% from its previous closing of Rs. 405.70 on the BSE.
The scrip opened at Rs. 406.10 and has touched a high and low of Rs. 416.40 and Rs. 396.95 respectively. So far 23157 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 535.34 on 05-Jul-2019 and a 52 week low of Rs. 260.00 on 03-Apr-2020.
Last one week high and low of the scrip stood at Rs. 419.10 and Rs. 384.00 respectively. The current market cap of the company is Rs. 4655.85 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 20.41% and 16.41% respectively.
Bajaj Electricals has received approval for raising funds by issuance of Non-Convertible Redeemable Debentures (NCDs), unsecured or secured, or Commercial Papers, upto an amount not exceeding Rs 500 crore to the eligible investors on a private placement basis, in one or more tranches, subject to approval of shareholders of the Company by way of a Special Resolution.
The meeting of Board of directors of the company held on June 19, 2020 approved the same.
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.
