Bajaj Electricals rallies 17% on stable outlook, up 37% so far in January

Last month, ICRA had reaffirmed its long-term and short-term rating of the company's line of credit

Shares of Bajaj Electricals hit a fresh record high of Rs 834 after rallying 17 per cent on the BSE in intra-day trade on Wednesday on expectations of a healthy revenue growth in the consumer products segment in near-term. The stock of the household appliances company was trading higher for the ninth straight day. It has zoomed 37 per cent thus far in the month of January 2021.

On December 25, 2020, rating agency ICRA had reaffirmed long-term and short-term rating of the company’s line of credit, along with non-convertible debenture (NCD) programme of the company. The outlook on the