Bajaj Electricity rises 10%

The Bajaj Electricals scrip rose 10.3 per cent to Rs 712 on stock-split plans. The Board would meet on October 12 to consider the proposal for sub-division of shares into smaller denomination and qualified institutional placement of equity shares.

The stock opened at Rs 650 and made an intra-day high of Rs 735. Delivery volumes stood at 60 per cent. The scrip saw its 52-week high of Rs 735 in today’s trade. It touched the year’s low of Rs 135 on March 6, 2009.