Tuesday, 1 October 2013

Bajaj Electricals trades in green on the BSE

Bajaj Electricals is currently trading at Rs 163.00, up by 0.95 points or 0.59% from its previous closing of Rs. 162.05 on the BSE.

The scrip opened at Rs 165.00 and has touched a high and low of Rs 165.00 and Rs 163.00 respectively. So far 1024 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 149.85 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs 170.00 and Rs 161.50 respectively. The current market cap of the company is Rs 1633.49 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, the country’s leading consumer durable and lighting company, has opened an exclusive company showroom ‘Bajaj World’ at Kochi in state of Kerala on September 30, 2013. This is the first ‘Bajaj World’ Store to be opened in Kerala and has a display area of 600 square feet. It will be a one-stop shop for fans, lighting and appliances.

The company is launching ‘Bajaj World’ in TIER II and TIER III cities in order to expand its network. The company has already launched 55 showrooms pan India and plans to open 100 stores by the end of the financial year.

The company is expecting to achieve top-line growth of around 25% to Rs 4,200 crore in FY14 as compared to Rs 3,400 crore in 2012-13, on back of organic growth and some new acquisitions.

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