Bajaj Electricals surges on bagging order worth Rs 332.65 crore
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Bajaj Electricals is currently trading at Rs. 1148.20, up by 10.95 points or 0.96% from its previous closing of Rs. 1137.25 on the BSE.
The scrip opened at Rs. 1151.00 and has touched a high and low of Rs. 1160.00 and Rs. 1124.60 respectively. So far 10660 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1378.00 on 22-Dec-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. 1160.00 and Rs. 1003.85 respectively. The current market cap of the company is Rs. 13212.04 crore.
The promoters holding in the company stood at 62.96%, while Institutions and Non-Institutions held 22.92% and 14.12% respectively.
Bajaj Electricals’ EPC Business segment has been awarded a supply of goods/services contract by Power Grid Corporation of India (PGCIL), aggregating to Rs 332.65 crore. The company has bagged order under the ‘Transmission line Tower Package TW04’ for ‘765 kV D/C Navasari (New) (South Gujarat) - Padghe line (Maharashtra portion)’ - associated with Transmission Network Expansion in Gujarat to increase its ATC from ISTS. The above project shall be completed within 15 months from the date of issue of NOA/LOA.
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.
