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Bajaj Electricals surges on plan to establish integrated R&D center

15 Jul 2013 Evaluate

Bajaj Electricals is currently trading at Rs. 194.05, up by 2.25 points or 1.17% from its previous closing of Rs. 191.80 on the BSE.

The scrip opened at Rs. 193.00 and has touched a high and low of Rs. 196.50 and Rs. 192.55 respectively. So far 8865 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 233.35 on 16-Oct-2012 and a 52 week low of Rs. 160.00 on 12-Apr-2013.

Last one week high and low of the scrip stood at Rs. 196.50 and Rs. 172.20 respectively. The current market cap of the company is Rs. 1943.23 crore.

The promoters holding in the company stood at 66.08% while Institutions and Non-Institutions held 16.77 % and 17.16% respectively.

Bajaj Electricals is planning to establish integrated research and development centre in order to create next generation of products. With this initiative, it is readying itself for a global expansion. The company is likely to set up hubs to cater to new global markets as part of its plans to increase contribution of exports to its total turnover from the current level of 1%.

The company has reported a jump of 10.23% in its sales turnover of Rs. 3,416 crore (provisional) in FY13 as compared to Rs. 3,099 crore in previous year. Of total of Rs. 3,416 crore, the company has garnered Rs.1,844 crore from consumer durables segment, Rs. 861 crore from lighting and luminaries segment, Rs. 709 from engineering and projects business and Rs. 2 crore from others.

Bajaj Electricals Share Price

395.00 3.45 (0.88%)
20-Apr-2026 15:31 View Price Chart
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