Bajaj Electricals shares zoom 11% on foray into new business; details
Bajaj Electricals share price was in demand after the company announced its entry into 'wires' as a new business line.
 "Bajaj Electricals shares zoom 11% on foray into new business; details")
Bajaj Electricals share price zoomed 10.7 per cent in trade, registering an intra-day high at ₹467.95 per share on BSE. At 11:34 AM, Bajaj Electricals shares were trading 4.33 per cent higher at ₹440.8 per share. In comparison, the BSE Sensex was down 0.39 per cent at 82,919.95.
The stock was in demand after the company announced its entry into ‘wires’ as a new business line.
“We hereby inform you that, to enable the expansion and diversification of the company’s business operations for sustainable growth, the Company has decided to enter into ‘Wires’ as a new business line under its ‘Lighting Solutions’ segment, in view of the growing demand in the Wires Industry,” the filing read.
According to the filing, the company is planning to launch the products shortly and assess the market to ascertain the investment required, which will be determined based on various factors, including the scale of business, operational requirements, and other prevailing external factors. ALSO READ | Polycab, KEI: JM Financial sees strong demand for C&W; flag key risks
That apart, in Q2FY26, Bajaj Electricals reported a dip of about 24 per cent to ₹9.86 crore. It incurred losses of ₹4.77 crore related to a joint venture (JV) and a total tax expense of ₹5.64 crore. The company did not specify details.
Net sales fell 1 per cent to ₹1.10 crore in the quarter, led by a 4 per cent drop in its consumer products business to ₹0.83 crore. Indian consumer durable firms have seen strong demand for electrical and lighting equipment as government spending on infrastructure remained strong, and as the real estate sector boosted demand.
However, sales of cooling products were muted in the quarter, a trend that extended from last quarter, as a longer-than-expected monsoon dented demand. The firm's electrical segment contributes 75 per cent of the sales, while lighting products account for the rest. ALSO READ | Ola Electric shares drop 7% as CFO resigns; Stock slides 24% in 10 sessions
Bajaj Electricals, part of the Bajaj Group, is a consumer electrical and lighting company founded in 1938 by Jamnalal Bajaj. It sells a wide range of products spanning home appliances, fans, cookware and lighting solutions, including professional lighting. The company positions itself around innovation and reliability, supported by an in-house research and development (R&D) centre and manufacturing facilities focused on quality and sustainability. The brand has been in the market for over 85 years and has a nationwide presence across consumer categories.