Bajaj Electricals jumps on entering into partnership with wtec
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Bajaj Electricals is currently trading at Rs. 1107.40, up by 12.05 points or 1.10% from its previous closing of Rs. 1095.35 on the BSE.
The scrip opened at Rs. 1072.25 and has touched a high and low of Rs. 1111.45 and Rs. 1072.25 respectively. So far 2218 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. 937.00 on 29-Nov-2021.
Last one week high and low of the scrip stood at Rs. 1145.45 and Rs. 1070.00 respectively. The current market cap of the company is Rs. 12685.31 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 (BEL) has entered into partnership with wtec which is a global developer of technology dedicated to innovation, reducing environmental impact, and enabling smart building use cases throughout the built space. The company has selected the smartengine platform as its infrastructure technology for energy-efficient smart lighting and fine-mesh sensor network. Through this strategic alliance, BEL aims to bring disruptive technology to significantly impact infrastructure operations in terms of smarter solutions, efficiencies in operations, and cost savings.
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.
