Bajaj Electricals gains after engg & project business unit bags 3 new orders

Bajaj Electricals rose 1.34% to Rs 283 at 15:00 IST on BSE after the engineering & project business unit bagged 3 new orders from Odisha Power Transmission Corporation worth Rs 84.54 crore.

The company made announcement during market hours today, 11 June 2015.

Meanwhile, the S&P BSE Sensex was down 418.42 points, or 1.56%, to 26,422.08.

On BSE, so far 1.04 lakh shares were traded in the counter, compared with an average volume of 65,836 shares in the past one quarter.

The stock hit a high of Rs 291.35 and a low of Rs 281.10 so far during the day. The stock hit a 52-week high of Rs 378.60 on 11 June 2014. The stock hit a 52-week low of Rs 191 on 1 December 2014.

The stock had outperformed the market over the past one month till 10 June 2015, gaining 18.48% compared with 0.98% decline in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 30.25% as against Sensex's 6.51% fall.

The mid-cap consumer products manufacturing company has an equity capital of Rs 20.15 crore. Face value per share is Rs 2.

Bajaj Electricals said that the completion period for all the three orders is 30 months.

Bajaj Electricals reported net profit of Rs 46.89 crore in Q4 March 2015 compared with net loss of Rs 10.65 in Q4 March 2014. Total income rose 3.2% to Rs 1320.96 crore in Q4 March 2015 over Q4 March 2014.

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