Friday 29 November 2013

Bajaj Electricals strengthens on plan to invest Rs 12 crore for capacity expansion at Mathura unit

Bajaj Electricals is currently trading at Rs 167.00, up by 1.95 points or 1.18% from its previous closing of Rs 165.05 on the BSE.

The scrip opened at Rs. 165.90 and has touched a high and low of Rs 168.00 and Rs 165.85 respectively. So far 845 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 219.50 on 13-Dec-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 166.40 and Rs 159.50 respectively. The current market cap of the company is Rs 1646.68 crore.

The promoters holding in the company stood at 66.24% while Institutions and Non-Institutions held 17.53% and 16.22% respectively.

In a bid to expand the capacity of its plant at Kosi, Mathura in Uttar Pradesh, India’s leading consumer electrical and lighting company Bajaj Electricals is planning to invest about Rs 12 crore. The capacity expansion would materialise by next month.

The company has two units at Kosi and Shikohabad (Firozabad district) to manufacture lighting products and the turnover by the two UP units is likely to touch Rs 100 crore in the current fiscal.

Bajaj Electricals (BEL), part of the Rs 20000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.

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