Shares of Bajaj Electricals surged more than 7 per cent in morning trading after the company bagged orders worth Rs 3,577.93 crore from Madhyanchal Vidyut Vitaran Nigam Limited (MVVNL).
In a regulatory filing on April 16, the company had said that it has bagged orders for rural/urban electrification projects in Uttar Pradesh from MVVNL aggregating Rs 3,577.93 crore.
Following the announcement, the shares of the company opened at Rs 640.30, then surged to 52-week high of Rs 665.85, up 7.53 per cent over its previous closing price
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