Bajaj Electricals hits record high; zooms 111% in one year

The stock hit a record high of Rs 624, up 8.6% on the BSE in noon deal, surpassed its previous high of Rs 585 recorded on January 5, 2018 in intra-day trade

Bajaj Electricals hit a record high of Rs 624, up 8.6% on the BSE in noon deal, surpassing its previous high of Rs 585 recorded on January 5, 2018 in intra-day trade.

The company engaged in household appliances business has outperformed the market by surging 111% in past one year, as compared to 17.5% rise in the S&P BSE Sensex. Since February 7, 2018, after December quarter (Q3FY18) results, it rallied 28% against 0.18% decline in the benchmark index.

Bajaj Electricals last week launched the first of its kind Internet of Things (IoT) enabled air cooler– Bajaj COOL.iNXT.