Bajaj Electricals Ltd to enter into Wires business

To enable the expansion and diversification of the Company's business operations for sustainable growth, Bajaj Electricals Limited has decided to enter into 'Wires' as a new business line under its 'Lighting Solutions' segment, in view of the growing demand in the Wires Industry.

The Company is planning to launch the product shortly and assess the market to ascertain the investment required which will be determined based on various factors, including scale of business, operational requirements, and other prevailing external factors.

Shares of Bajaj Electricals Limited was last trading in BSE at Rs. 422.50 as compared to the previous close of Rs. 434.40. The total number of shares traded during the day was 4963 in over 252 trades.

The stock hit an intraday high of Rs. 430.80 and intraday low of 420.60. The net turnover during the day was Rs. 2112875.00.

Source : Equity Bulls

Keywords

BajajElectricals INE193E01025 HouseholdAppliances NewBusinessForay Wires LightingSolutions