Page 3 - Bajaj Electricals

Bajaj Electricals dips 5% in a firm market on growth concerns

Demand in the consumer product segment slowed down in Q3FY22, largely due to weaker demand in rural markets

Bajaj Electricals to demerge its power transmission & distribution business

Bajaj Electricals Ltd would demerge its power transmission and distribution (T&D) business into a separate company in a move to create a sector-focused firm and streamline the management structure. The board of Shekhar Bajaj-led company on Tuesday approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel Projects Ltd (the resulting company) subject to the approval of shareholders, said a regulatory filing. As per the scheme, 1 equity share of face value of Rs 2 each fully paid-up of Bajel Projects will be issued for every 1 equity share of face value Rs 2 each fully paid-up held by equity shareholders of Bajaj Electricals, it added. "The equity shares of the resulting company shall be listed on BSE and NSE, post the effectiveness of the scheme. The shareholders of the company will be issued equity shares in the resulting company in the same proportion as their holding in the company," it said. The segregation will enable both the companies to ...

Bajaj Electricals net profit down 51% at Rs 48.17 cr in December quarter

Bajaj Electricals Ltd on Tuesday reported a decline of 50.94 per cent in its consolidated net profit to Rs 48.17 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 98.19 crore in the October-December quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing. Its total revenue from operations was down 12.02 per cent to Rs 1,319.81 crore during the quarter under review as against Rs 1,500.14 crore in the corresponding period of the previous fiscal. Bajaj Electricals' total expenses were at Rs 1,261.50 crore, down 9.16 per cent in Q3/FY 2021-22, as against Rs 1,388.80 crore in the year-ago period. Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said: "This quarter has continued to witness the impact of increased commodity costs coupled with subdued demand scenario, leading to a deferral of price hikes for our Consumer Products business." "While there is a dip in YoY performance over the previous Q3 (which had

Bajaj Electricals at 2-month high on restructuring plan; up 27% in 6 days

The stock rallied 6% to Rs 1,329.75 on the BSE in Friday's intra-day trade

Bajaj Electricals surges 11% on board nod for business restructuring plan

Bajaj Electricals is currently engaged in consumer product (CP) segment and engineering procurement and construction segment (EPC) segment

Bajaj Electricals to review corporate structure for better opportunities

The company is currently engaged in the business of consumer products and engineering procurement and construction segment

Bajaj Electricals board approves review of corporate structure

The company said it would explore a full range of options and alternatives, including demerger, subsidiarisation and strategic partnerships

Time to buy HDFC AMC, Bajaj Electricals, says Vaishali Parekh

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

Tata Coffee, MCX, Bajaj Electricals: 5 stocks that can jump up to 25%

Stocks like Bajaj Electricals and NALCO can even surge up to 20 per cent each; while MCX, JK Lakshmi Cement and Tata Coffee are also looking good

Bajaj Electricals reports Rs 6.4 crore net loss for Q1; revenue rises 40%

According to the company, it generated positive cashflow from operations of Rs 39 crore and its net debt stood at Rs 656 cr

Havells, Blue Star: 7 hot stocks to keep your portfolio cool this summer

Bajaj Electricals and Whirlpool can see significant upside on follow-up buying, technical charts suggest. However, the overall market also needs to be positive for these stocks to gain further ground

Bajaj Electricals posts Rs 54.26 crore net profit for March quarter

Bajaj Electricals on Tuesday reported a consolidated net profit of Rs 54.26 crore for the quarter ended March 31, 2021.

Cool prospects for consumer durable firms as temperature set to soar

Indian Meteorological Department (IMD) expects day temperatures to remain above-normal in select regions across the country between March to May 2021

Bajaj Electricals, Mahindra Logistics ink Rs 1,000 crore outsourcing deal

Involves end-to-end redesign of Bajaj Electricals' logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%

Bajaj Electricals zooms 50% in three days post December quarter results

Analysts remain structurally positive on Bajaj Electricals given strong brand with leadership position in kitchen appliances and deep distribution network

Bajaj Electricals surges 18%, hits new high on robust Q3 results

The company's consumer product business has delivered a strong growth in this quarter despite continuing supply challenges and increase in commodity prices

Bajaj Electricals third quarter net profit surges to Rs 98 crore

The firm was helped by a strong growth in its consumer products business

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

Low volatility giving bulls comfort: Nilesh Jain of Anand Rathi

Nifty's momentum indicators and oscillators on the weekly scales are still in 'buy' mode

Bajaj Electricals reports net loss of Rs 16.6 cr for Q1 on lower income

Its total income during the quarter under review stood at Rs 615.34 crore, down 53.3 per cent, as against Rs 1,317.99 crore in the corresponding quarter last fiscal