Bajaj Electricals shines on forming unified lighting business segment
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Bajaj Electricals is currently trading at Rs. 991.10, up by 32.60 points or 3.40% from its previous closing of Rs. 958.50 on the BSE.
The scrip opened at Rs. 977.00 and has touched a high and low of Rs. 995.00 and Rs. 966.50 respectively. So far 4889 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1588.55 on 17-Sep-2021 and a 52 week low of Rs. 857.55 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 995.00 and Rs. 908.00 respectively. The current market cap of the company is Rs. 11421.30 crore.
The promoters holding in the company stood at 62.98%, while Institutions and Non-Institutions held 22.68% and 14.35% respectively.
Bajaj Electricals has formed a unified Lighting Business segment by combining its Consumer Lighting Business and its Professional Lighting Business. The reorganisation and strengthening of the Company’s leadership is on the back of the on-going and significant transformation journey.
Over the last three years, Bajaj Electricals has undertaken multiple initiatives including the acquisition of further stakes in Nirlep Appliances, Starlite Lighting and the planned scheme of arrangement for split of the entity into two independent publicly listed companies (upon a demerger of its power infrastructure business). The planned split is likely to come into effect later this fiscal.
Bajaj Electricals is an electrical equipments manufacturing company. It is engaged in the manufacturing of domestic appliances such as water heaters, mixers, food processors, microwave ovens, air coolers, steam & dry irons, etc.
