Bajaj Electricals hits over 2-year low, down 12% in two days on weak Q2 nos

The management said consumer products segment registered a moderate growth of 9 per cent YoY in the top line on account of an overall slowdown in the economy

Shares of Bajaj Electricals hit an over two-year low of Rs 338, down 4 per cent on the BSE on Thursday, after the company reported weak set of numbers for the quarter ended September 2019 (Q2FY20). The stock of house appliances company has slipped 12 per cent in the past two trading sessions, and was trading at its lowest level since August 30, 2017.

In the recently concluded quarter, Bajaj Electricals reported a net loss of Rs 32.55 crore against a net profit of Rs 29.83 crore logged in the year ago quarter. Operational revenue, too, decreased 31.5 per cent YoY