The stock ended the day with a gain of 4.77 per cent at Rs 273.65 on the BSE. During the day, it surged 7.12 per cent to Rs 279.80.
On the NSE, the stock rose by 4.8 per cent to settle at Rs 273.70.
The company's market valuation rose by Rs 125.78 crore to Rs 2,758.78 crore.
Bajaj Electricals first quarter standalone net profit rose over three-fold to Rs 20.34 crore on account of turnaround in engineering and projects division and better product mix in consumer durable and lighting segments.
Net sales on standalone basis during the period stood at Rs 1,005.86 crore, up 13.95 per cent as against Rs 882.71 crore in the same quarter of the last fiscal, it added.
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