Bajaj Electricals rises on reporting 21% rise in turnover in FY14

Bajaj Electricals is currently trading at Rs. 280.55, up by 2.95 points or 1.06% from its previous closing of Rs. 277.60 on the BSE. The scrip opened at Rs. 277.60 and has touched a high and low of Rs. 282.60 and Rs. 275.00 respectively. So far 12647 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 292.30 on 01-Apr-2014 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. 287.30 and Rs. 264.30 respectively. The current market cap of the company is Rs. 2799.14 crore. The promoters holding in the company stood at 66.10% while Institutions and Non-Institutions held 18.48% and 15.41% respectively. Bajaj Electricals has achieved a turnover of Rs 4,102 crore (Provisional) for FY14, an increase of 21% over the previous financial year FY13. Of the total, sales from consumer durables business grew 6.15% to Rs 1950 crore, sales from lighting and luminaries surged by 11.63% to Rs 960 crore and sales from engineering and project business increased by 72.97% to Rs 1190 crore. Bajaj Electricals (BEL), part of the Rs 20000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.