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Neutral Bajaj Electricals Ltd For Target Rs.1,275 - Yes Securities Soft quarter amid weak demand; downgrade to Neutral Result Synopsis Consumer products (CP) business registered low single digit growth of 2% on account of muted demand environment and unseasonal rains impacting summer products, while appliances saw growth of 10%. EBITDA margins at 6.1% was lower as operating leverage has not kicked in and staff cost saw increase on back of enhancement in R&D team in lighting vertical. EPC business has started generating profits and it is expected to...
Neutral Bajaj Electricals Ltd For Target Rs.1,275 - Yes Securities
Neutral Bajaj Electricals Ltd For Target Rs.1,275 - Yes Securities
Source: Yes Securities Ltd
18/08/2023 2:24:38 PM
Add Bajaj Electricals Ltd For Target Rs.1,320 - ICICI Securities Success of new brand Nex and relaunch of Nirlep are key drivers for rerating While Bajaj Electricals reported weaker Q1FY24 than peers and our expectations, we note, (1) the EPC business is likely to be demerged very soon (3-4 months) and Bajaj Electricals has repaid the debt and has net cash balance sheet. Hence, it can leverage the cash flows to grow the consumer business in FY24-25, (2) it plans to invest in Nex (new brand) and Nirlep (relaunch). Success of these two brands will create ...
Add Bajaj Electricals Ltd For Target Rs.1,320 - ICICI Securities
Add Bajaj Electricals Ltd For Target Rs.1,320 - ICICI Securities
Source: ICICI Securities
13/08/2023 9:51:53 AM
India`s Bajaj Electricals Q1 profit falls as unseasonal rains, inflation hit demand Bajaj Electricals Ltd on Thursday reported a 13.6% decline in first-quarter profit, dragged by intermittent unseasonal rains and inflationary pressure, sending the consumer durables major's shares down 3.2%. Consolidated net profit was 371.3 million rupees ($4.49 million) for the three months ended June 30, compared with 429.6 million rupees a year earlier. Overall revenue from operations fell about 1.5% to 11.12 billion rupees, dragged by its lighting solutions segment. Revenue ...
India`s Bajaj Electricals Q1 profit falls as unseasonal rains, inflation hit demand
India`s Bajaj Electricals Q1 profit falls as unseasonal rains, inflation hit demand
Source: Reuters
10/08/2023 3:15:35 PM
3i Infotech shines on bagging contract worth Rs 18.74 crore 3I Infotech is currently trading at Rs. 33.49, up by 0.36 points or 1.09% from its previous closing of Rs. 33.13 on the BSE. The scrip opened at Rs. 34.24 and has touched a high and low of Rs. 34.24 and Rs. 33.41 respectively. So far 42125 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.20 on 12-Sep-2022 and a 52 week low of Rs. 25.93 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 34.72...
3i Infotech shines on bagging contract worth Rs 18.74 crore
3i Infotech shines on bagging contract worth Rs 18.74 crore
Source: Accord Fintech
12/07/2023 10:30:57 AM
Hold Bajaj Electricals Ltd For Target Rs.1245 - ICICI Direct Mixed bag performance… About the stock: Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution). • CP (appliances, fans, lighting) contributes ~90% to the topline. Its premium brands include Morphy Richards and Nirlep. The company has over 2.3 lakh retail touch points across India • The company has been reducing exposure to the EPC business with maximum focus on executing high mar...
Hold Bajaj Electricals Ltd For Target Rs.1245 - ICICI Direct
Hold Bajaj Electricals Ltd For Target Rs.1245 - ICICI Direct
Source: icici dire
13/06/2023 3:30:08 PM
Buy Bajaj Electrical Ltd For Target Rs 1,440 - JM Financial Institutional Securities Consumer products’ outperformance continues Bajaj Electricals’ (BEL) 4QFY23 standalone Consumer Products revenue growth of 10% was the best among peers (see Exhibit 4). This growth was led by appliances (+16%YoY; including air coolers) while fans grew by 2% YoY (vs. flat YoY for Crompton and estimated double-digit decline YoY for Havells and Orient) despite a) strong fans sales in 3QFY23 (+55% YoY),and b) high channel inventory, unseasonal rains and muted demand enviornment. Mo...
Buy Bajaj Electrical Ltd For Target Rs 1,440 - JM Financial Institutional Securities
Buy Bajaj Electrical Ltd For Target Rs 1,440 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
6/06/2023 2:13:20 PM
India's Bajaj Electricals posts rise in Q4 profit on consumer goods demand Bajaj Electricals Ltd on Tuesday reported a nearly 32% jump in fourth-quarter profit as shoppers spent more on durable goods like fans and air coolers amid soaring temperatures. Consolidated net profit was 518.5 million rupees ($6.3 million) for the three months ended March 31, compared with 393.5 million rupees a year earlier. Extreme heat waves across the country are driving the sales of consumer durables such as air coolers and air conditioners. Overall revenue from operations cli...
India's Bajaj Electricals posts rise in Q4 profit on consumer goods demand
India's Bajaj Electricals posts rise in Q4 profit on consumer goods demand
Source: Reuters
23/05/2023 3:23:38 PM
Add Bajaj Electrical Ltd For Target Rs 1,253 - Yes Securities Recovery to start from Q1; maintain ADD Result Synopsis Consumer products (CP) business registered growth of 9.5% as company had push inventory of non?star rated fans in Q3; while appliances saw decline on subdued demand and slowdown in off take of water heaters on delayed setting off winter. Gross Margins have expanded by 420bps mainly driven by margin expansion in core FMEG business. EBITDA margins were impacted on higher other expense which shot up on RBP loyalty program, high brand ...
Add Bajaj Electrical Ltd For Target Rs 1,253 - Yes Securities
Add Bajaj Electrical Ltd For Target Rs 1,253 - Yes Securities
Source: Yes Securities Ltd
10/03/2023 1:00:31 PM
Bajaj Electricals rises as its EPC Business segment bags order worth Rs 564.87 crore Bajaj Electricals is currently trading at Rs. 1113.35, up by 10.20 points or 0.92% from its previous closing of Rs. 1103.15 on the BSE. The scrip opened at Rs. 1139.05 and has touched a high and low of Rs. 1155.55 and Rs. 1111.55 respectively. So far 8373 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1265.00 on 23-Aug-2022 and a 52 week low of Rs. 857.55 on 17-Jun-2022. Last one week high and low of the scrip ...
Bajaj Electricals rises as its EPC Business segment bags order worth Rs 564.87 crore
Bajaj Electricals rises as its EPC Business segment bags order worth Rs 564.87 crore
Source: Accord Fintech
6/03/2023 2:41:53 PM
Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit Bajaj Electricals is currently trading at Rs. 1151.10, up by 4.90 points or 0.43% from its previous closing of Rs. 1146.20 on the BSE. The scrip opened at Rs. 1135.00 and has touched a high and low of Rs. 1160.15 and Rs. 1128.00 respectively. So far 2637 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1265.00 on 23-Aug-2022 and a 52 week low of Rs. 857.55 on 17-Jun-2022. Last one week high and low of the scrip s...
Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit
Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit
Source: Accord Fintech
3/02/2023 4:00:24 PM
India`s Bajaj Electricals Q3 profit rise 27%  India's Bajaj Electricals Ltd reported a near 27% surge in third-quarter profit on Thursday, aided by higher demand for consumer goods such as room heaters and lighting products that helped cushion a hit from rising expenses. Consolidated net profit rose to 611.2 million rupees ($7.46 million) for the three months ended Dec. 31, compared to 482.1 million rupees a year earlier. Revenue from its consumer products business, which includes room heaters, air cooler and kitchen appl...
India`s Bajaj Electricals Q3 profit rise 27%
India`s Bajaj Electricals Q3 profit rise 27%
Source: Reuters
2/02/2023 2:16:31 PM
Buy Bajaj Electricals Ltd For Target Rs.1440 - ICICI Direct Technical Outlook • The BSE Consumer durables index has been consolidating in CY22 after strong rally of CY20-21, thus forming a higher base. Within the space, we like Bajaj Electricals with favourable risk-reward • The stock is currently placed near the key support area of | 1000-1100 as it is the confluence of rising 12 months EMA (currently at | 1125) and 50% retracement CY20-21 rally (| 263-1588) • We expect the stock to resume up move and head higher towards | 144...
Buy Bajaj Electricals Ltd For Target Rs.1440 - ICICI Direct
Buy Bajaj Electricals Ltd For Target Rs.1440 - ICICI Direct
Source: ICICI Direct Ltd
21/12/2022 9:34:24 AM
Add Bajaj Electricals Ltd For Target Rs.1,230 - ICICI Securities Focus on portfolio premiumization and market share gains As the value-for-money segment witnessed subdued demand due to high inflation, Bajaj Electricals reported revenue decline of 5.9% YoY in Q2FY23. The company reported lower revenue YoY across segments. However, it improved its market shares in fans and appliances. It also improved its EBITDA margin YoY led by lower commodity costs and mix improvement. Fans and lighting segments’ revenue declined 7% and 3.7% YoY in Q2FY23. Weak s...
Add Bajaj Electricals Ltd For Target Rs.1,230 - ICICI Securities
Add Bajaj Electricals Ltd For Target Rs.1,230 - ICICI Securities
Source: ICICI Securities Ltd
24/11/2022 2:33:09 PM
Hold Bajaj Electrical Ltd For Target Rs.1275 - ICICI Direct Ltd High inflation impacts demand in Q2… About the stock: Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution) * CP (appliances, fans, lighting) contributes ~78% to topline. Its premium brands include Morphy Richards and Nirlep. The company has over 2.3 lakh retail touch points across India * The company has been reducing exposure to the EPC business with maximum focus on executing high marg...
Hold Bajaj Electrical Ltd For Target Rs.1275 - ICICI Direct Ltd
Hold Bajaj Electrical Ltd For Target Rs.1275 - ICICI Direct Ltd
Source: ICICI Direct Ltd
16/11/2022 12:33:13 PM
Buy Bajaj Electrical Ltd For Target Rs 1,500 - JM Financial Institutional Securities Ltd Long term story intact; maintain BUY Bajaj Electricals’ (BEL) 2QFY23 standalone revenue fell by 6% YoY (+4% 3-year CAGR) with Consumer Products/ Lighting segment revenue declining by 2%/ 4% YoY respectively. While Fans / Morphy Richards and B2C Lighting revenue fell by 7% 4%/ 26% respectively, Appliances and B2B lighting saw 2% / 4% YoY growth. Although rural and economy segments continue to be under pressure, BEL remains cautiously optimistic on demand recovery led by a) encouraging...
Buy Bajaj Electrical Ltd For Target Rs 1,500 - JM Financial Institutional Securities Ltd
Buy Bajaj Electrical Ltd For Target Rs 1,500 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
14/11/2022 11:34:03 AM
Bajaj Electricals gains despite reporting marginal fall in Q2 consolidated net profit Bajaj Electricals is currently trading at Rs. 1161.25, up by 2.70 points or 0.23% from its previous closing of Rs. 1158.55 on the BSE. The scrip opened at Rs. 1154.00 and has touched a high and low of Rs. 1169.95 and Rs. 1151.30 respectively. So far 3754 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 s...
Bajaj Electricals gains despite reporting marginal fall in Q2 consolidated net profit
Bajaj Electricals gains despite reporting marginal fall in Q2 consolidated net profit
Source: Accord Fintech
9/11/2022 12:24:07 PM
Bajaj Electricals surges on bagging order worth Rs 332.65 crore 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...
Bajaj Electricals surges on bagging order worth Rs 332.65 crore
Bajaj Electricals surges on bagging order worth Rs 332.65 crore
Source: Accord Fintech
30/09/2022 11:49:45 AM
Add Bajaj Electricals Ltd For Target Rs.1,230 - ICICI Securities Weak volumes in near term; expect strong margin recovery in H2FY23 Bajaj Electricals (Bajaj Ele) might face revenue growth pressures in the remaining period of FY23E due to: (1) muted demand from rural markets (company has relatively higher exposure to rural markets); (2) lower offtake in economy segment; and 3) sluggishness in the kitchen appliances market. However, we model overall margin to expand considering higher scale for lighting segment and correction in input prices. We also note...
Add Bajaj Electricals Ltd For Target Rs.1,230 - ICICI Securities
Add Bajaj Electricals Ltd For Target Rs.1,230 - ICICI Securities
Source: ICICI Securities Ltd
20/09/2022 10:29:05 AM
Buy Bajaj Electrical Ltd For Target Rs.1340 - ICICI Direct Favourable base, price hikes drive performance… About the stock: Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution). * CP (appliances, fans, lighting) contributes ~78% to topline. Its premium brands include Morphy Richards and Nirlep. The company has over 2.3 lakh retail touch points across India * The company has been reducing exposure in the EPC business with maximum on executing hig...
Buy Bajaj Electrical Ltd For Target Rs.1340 - ICICI Direct
Buy Bajaj Electrical Ltd For Target Rs.1340 - ICICI Direct
Source: icici direct
22/08/2022 9:44:36 AM
Add Bajaj Electrical Ltd For Target Rs s1,200 - centrum broking Consumer Products scaling up; margins set to revive Bajaj Electricals (BJE) posted Q1FY23 sales at Rs12.3bn, 5%/2% above our/consensus estimates. Consumer Products (CP) sales at Rs9.7bn (Q1FY20-23 CAGR at 7.5%) were marginally higher than our estimate of Rs9.1bn, even though BJE lost sales worth Rs300mn-Rs500mn due to upgradation to SAP 4 Hana systems. EPC sales were in-line with our estimate at Rs2.6bn with negative Q1FY20-23 CAGR at 21% due to deliberate downsizing of order book. With be...
Add Bajaj Electrical Ltd For Target Rs s1,200 - centrum broking
Add Bajaj Electrical Ltd For Target Rs s1,200 - centrum broking
Source: Centrum Broking Ltd
18/08/2022 10:49:21 AM
Bajaj Electricals gains on turning black in Q1 Bajaj Electricals is currently trading at Rs. 1148.00, up by 1.95 points or 0.17% from its previous closing of Rs. 1146.05 on the BSE. The scrip opened at Rs. 1146.05 and has touched a high and low of Rs. 1161.00 and Rs. 1137.20 respectively. So far 6012 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 s...
Bajaj Electricals gains on turning black in Q1
Bajaj Electricals gains on turning black in Q1
Source: Accord Fintech
16/08/2022 3:39:19 PM
Buy Bajaj Electrical Ltd For Target Rs 1,490 - JM Financial Institutional Securities Ltd Playing the right notes; Reiterate BUY Bajaj Electricals’ (BEL) 1QFY23 standalone Consumer Products (CP) segment sales grew by 7% on 3-year CAGR (+59% YoY on a low base; 2% above JMFe) with the quarter being impacted by demand slowdown in the later half and ERP transition (INR300-400mn lost sales). Within CP, Fans / Lighting/ Applainces grew 65%/ 90%/ 53% YoY (leading to market share gains) while Morphy Richards remained under pressure (-9% YoY). With softening RM prices and 5% price...
Buy Bajaj Electrical Ltd For Target Rs 1,490 - JM Financial Institutional Securities Ltd
Buy Bajaj Electrical Ltd For Target Rs 1,490 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
16/08/2022 2:49:08 PM
Bajaj Electricals shines on forming unified lighting business segment 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...
Bajaj Electricals shines on forming unified lighting business segment
Bajaj Electricals shines on forming unified lighting business segment
Source: Accord Fintech
30/06/2022 11:58:52 AM
Hold Bajaj Electrical Ltd For Target Rs.1,050 - ICICI Direct Delay in price hike slows margin recovery… About the stock: Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution). * CP (appliances, fans, lighting) contributes ~78% to topline. Its premium brands include Morphy Richards and Nirlep. The company has over 2.3 lakh retail touch points across India * The company has been reducing exposure in the EPC business with maximum on executing high mar...
Hold Bajaj Electrical Ltd For Target Rs.1,050 - ICICI Direct
Hold Bajaj Electrical Ltd For Target Rs.1,050 - ICICI Direct
Source: ICICI Direct
24/05/2022 12:27:42 PM
Add Bajaj Electricals Ltd For Target Rs.1035 - ICICI Securities Impacted due to rural slowdown Bajaj Electricals reported mere 6% YoY revenue growth, impacted by rural slowdown and reducing traction on alternate channels (e-commerce and modern trade). Fans and lighting grew 22.3% and 31.9% YoY in Q4FY22, but weak show from appliances adversely affected the growth mix. Due to steep inflation in input prices and no price hikes in Q4, gross margins declined 309bps YoY. We note the company took one round of price hikes in Apr’22. It needs additional ...
Add Bajaj Electricals Ltd For Target Rs.1035 - ICICI Securities
Add Bajaj Electricals Ltd For Target Rs.1035 - ICICI Securities
Source: ICICI Securities Ltd
19/05/2022 12:43:39 PM
Buy Bajaj Electrical Ltd For Target Rs.1,286 - Yes Securities Satisfactory performance in challenging environment; maintain BUY; de‐merger to unlock value Result Synopsis Consumer products (CP) business registered a satisfactory performance in Q4 despite high base and a challenging environment. Margins in the CP business were impacted by high commodity inflation and normalization of costs. EPC business continues to see clean‐up action and has broken even in Q4. Management is confident of a gradual pick‐up in demand and margin improvement from 2HFY...
Buy Bajaj Electrical Ltd For Target Rs.1,286 - Yes Securities
Buy Bajaj Electrical Ltd For Target Rs.1,286 - Yes Securities
Source: Yes Securities Ltd
19/05/2022 11:03:07 AM
Bajaj Electricals jumps on entering into partnership with wtec 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 ...
Bajaj Electricals jumps on entering into partnership with wtec
Bajaj Electricals jumps on entering into partnership with wtec
Source: Accord Fintech
20/04/2022 11:33:53 AM
Bajaj Electricals jumps on completing acquisition of Nirlep Appliances Bajaj Electricals is currently trading at Rs. 1073.00, up by 12.85 points or 1.21% from its previous closing of Rs. 1060.15 on the BSE. The scrip opened at Rs. 1060.15 and has touched a high and low of Rs. 1083.10 and Rs. 1055.75 respectively. So far 3490 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. 911.05 on 25-Mar-2021. Last one week high and low of the scrip ...
Bajaj Electricals jumps on completing acquisition of Nirlep Appliances
Bajaj Electricals jumps on completing acquisition of Nirlep Appliances
Source: Accord Fintech
24/03/2022 11:58:43 AM
Hold Bajaj Electrical Ltd For Target Rs.1280 - ICICI Direct High base, input cost pressure drags profit… About the stock: Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution). CP (appliances, fans, lighting) contributes ~72% to topline and its premium brands includes Morphy Richards and Nirlep. The company has over 2.18 lakh retail touch points across India The company has been reducing exposure in the EPC business with maximum on executing high ...
Hold Bajaj Electrical Ltd For Target Rs.1280 - ICICI Direct
Hold Bajaj Electrical Ltd For Target Rs.1280 - ICICI Direct
Source: ICICI Direct
18/03/2022 10:57:37 AM
Key News - Vascon Engineers Ltd, IRCTC ,Indian Bank Ltd , Zerodha , Bajaj Electricals ,Bharti Airtel By ARETE Securities Key News Vascon Engineers consolidated net profit rises 441.70% in the December 2021 quarter Sales rise 10.35% to Rs 170.62 crore. Net profit of Vascon Engineers rose 441.70% to Rs 28.71 crore in the quarter ended December 2021 as against Rs 5.30 crore during the previous quarter ended December 2020. Sales rose 10.35% to Rs 170.62 crore in the quarter ended December 2021 as against Rs 154.62 crore during the previous quarter ended December 2020.   IRCTC Q3 net profit soars 16...
Key News - Vascon Engineers Ltd, IRCTC ,Indian Bank Ltd , Zerodha , Bajaj Electricals ,Bharti Airtel By ARETE Securities
Key News - Vascon Engineers Ltd, IRCTC ,Indian Bank Ltd , Zerodha , Bajaj Electricals ,Bharti Airtel By ARETE Securities
Source: ARETE Securities Ltd
9/02/2022 9:13:43 AM
Add Bajaj Electricals Ltd For Target Rs.1,165 - ICICI Securities Consumer products driving growth Consumer products segment of Bajaj Electricals continued its strong growth momentum led by (1) continuous launch of new innovative SKUs (53 in Q2), (2) distribution expansion of Morphy Richards, (3) strong double-digit growth across appliances, fans and lighting. Due to steep inflation in input prices, the gross margins were down 566bps YoY, but its cost-saving initiatives Mulya and Samridhhi arrested the impact on EBITDA margin (down only 136bps YoY). We b...
Add Bajaj Electricals Ltd For Target Rs.1,165 - ICICI Securities
Add Bajaj Electricals Ltd For Target Rs.1,165 - ICICI Securities
Source: ICICI Securities Ltd
24/12/2021 10:52:22 AM
Buy Bajaj Electrical Ltd For Target Rs.1280 - ICICI Direct CP business: Key catalyst for good performance… About the stock: Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (Illumination, Power Transmission and Power Distribution) * CP (appliances, fans, lighting) contributes ~72% to topline and its premium brands includes Morphy Richards and Nirlep. The company has over 2.18 lakh retail touch points across India * The company has been reducing exposure in the EPC business with maximum on executing...
Buy Bajaj Electrical Ltd For Target Rs.1280 - ICICI Direct
Buy Bajaj Electrical Ltd For Target Rs.1280 - ICICI Direct
Source: ICICI Direct
18/12/2021 10:23:05 AM
Bajaj Electricals’ board approves review of its corporate structure to unlock growth and value creation for all business segments Bajaj Electricals Limited (“the Company”) is currently engaged in (i) Consumer Product segment (‘CP’) (which includes appliances, fan and consumer lighting products) and (ii) Engineering Procurement and Construction segment (‘EPC’) (which includes Power Transmission and Power Distribution and Illumination Projects). Considering the varied nature and potential opportunities of each of the business segments and the need for a focused approach to unlock these ...
Bajaj Electricals’ board approves review of its corporate structure to unlock growth and value creation for all business segments
Bajaj Electricals’ board approves review of its corporate structure to unlock growth and value creation for all business segments
Source: PR Agency
9/12/2021 5:00:14 PM
Buy Bajaj Electricals Ltd For Target Rs.1,352 - Yes Securities Continued momentum in consumer products with solid balance sheet improvement; maintain BUY Our view Consumer products (CP) saw continued broad‐based growth momentum in Q2 despite absence of pent‐up demand. Margins in the CP business were impacted by increased A&P spends and normalization of costs. EPC business continues to see clean‐up actions and is expected to exit FY22 at breakeven levels. Management is confident of buoyant demand and margin improvement in CP business despite hig...
Buy Bajaj Electricals Ltd For Target Rs.1,352 - Yes Securities
Buy Bajaj Electricals Ltd For Target Rs.1,352 - Yes Securities
Source: Yes Securities Ltd
15/11/2021 10:27:15 AM
Buy Bajaj Electrical Ltd For Target Rs.1250 - ICICI Direct One off expenses drag EBITDA margin… About the stock: Bajaj Electrical’s business portfolio spans across s consumer products (CP) and EPC (illumination, power transmission and power distribution). * CP (appliances, fans, lighting) contributes ~72% to topline and its premium brands includes Morphy Richards and Nirlep. The company has over 2.18 lakh retail touch points across India * BEL has been reducing exposure in the EPC business with maximum on executing high margin b...
Buy Bajaj Electrical Ltd For Target Rs.1250 - ICICI Direct
Buy Bajaj Electrical Ltd For Target Rs.1250 - ICICI Direct
Source: ICICI Direct
13/10/2021 9:53:13 AM
Buy Bajaj Electricals Ltd For Target Rs. 1450 By Angel Broking Ltd Bajaj Electrical: CMP-Rs1,189 Target Price:-Rs1,450 Bajaj Electrical Ltd (BEL) is a leading Indian consumer products company engaged in designing, manufacturing and marketing of consumer products (appliances, fans, lighting). BEL is also engaged in EPC business with a focus on power transmission, power distribution and illumination. We expect strong demand for consumer products and focus on debt reduction will lead to an improved RoE and RoCE for BEL, going forward. Going forward, we ...
Buy Bajaj Electricals Ltd For Target Rs. 1450 By Angel Broking Ltd
Buy Bajaj Electricals Ltd For Target Rs. 1450 By Angel Broking Ltd
Source: Angel Broking Ltd
27/08/2021 12:37:28 PM
Stock Picks - Buy Bajaj Electricals Ltd For Target Rs. 1225 - ICICI Direct Technical Observations * The stock after the last four months corrective decline is seen rebounding taking support at the lower band of the rising channel in place since April 2020 and the rising 20 weeks EMA (currently at | 1060) thus offers fresh entry opportunity * It is likely to continue its current up move and head towards its recent all time high of | 1225 in the coming weeks * The stock has already taken 16 weeks to retrace just 38.2% of its previous 18 weeks up move (| ...
Stock Picks - Buy Bajaj Electricals Ltd For Target Rs. 1225 - ICICI Direct
Stock Picks - Buy Bajaj Electricals Ltd For Target Rs. 1225 - ICICI Direct
Source: ICICI Direct
25/08/2021 11:22:02 AM
Buy Bajaj Electricals Ltd For Target Rs.1,310 - Yes Securities Growth and margin improvement trajectory to continue; upgrade to BUY Valuation and view – Consumer products (CP) saw continuing broad‐based growth momentum in Q1 despite a challenging environment. Margin in CP business was impacted due to higher allocation of over‐heads, increased A&P spends and additional spends on warehousing due to delay in transition to 3rd party logistics. EPC business continued to see clean‐up actions and is expected to exit FY22 at break even levels. Manag...
Buy Bajaj Electricals Ltd For Target Rs.1,310 - Yes Securities
Buy Bajaj Electricals Ltd For Target Rs.1,310 - Yes Securities
Source: Yes Securities Ltd
12/08/2021 10:10:48 AM
Key News - Pidilite Industries Ltd, PTC India, Bajaj Electricals Ltd, Bata India Ltd, PNB Housing Finance, Zydus Cadila Healthcare Ltd By ARETE Securities Key News Pidilite PAT jumps 12.7 times in Q1 to Rs 217.6 cr; revenue rises 121% Adhesive major Pidilite Industries reported a 1,277 percent year-on-year (YoY) jump in its profit after tax (PAT) for the April-June quarter. Net profit for the quarter stood at Rs 217.6 crore, up from Rs 15.8 crore in the corresponding quarter last year. Its operating revenue grew 121 percent to Rs 1,936.8 crore from Rs 877.8 crore. In comparison to its pre-COVID performance, Pidilite’s top-line and b...
Key News - Pidilite Industries Ltd, PTC India, Bajaj Electricals Ltd, Bata India Ltd, PNB Housing Finance, Zydus Cadila Healthcare Ltd By ARETE Securities
Key News - Pidilite Industries Ltd, PTC India, Bajaj Electricals Ltd, Bata India Ltd, PNB Housing Finance, Zydus Cadila Healthcare Ltd By ARETE Securities
Source: ARETE Securities Ltd
12/08/2021 9:12:44 AM
Buy Bajaj Electricals Ltd For Target Rs. 1,325 - ICICI Securities On route to 10% EBITDA margin by FY23 We remain positive on Bajaj Electricals as turnaround play. We note (1) it is successful in improving EBITDA margin steadily (244bps expansion in FY21) due to higher focus on Consumer business and reduction in losses of EPC segment, (2) investments in innovation with 170 new product launches in FY21 and (3) focus on higher revenue per store which will lead to decline in working capital days and increase in market shares. The working capital days reduce...
Buy Bajaj Electricals Ltd For Target Rs. 1,325 - ICICI Securities
Buy Bajaj Electricals Ltd For Target Rs. 1,325 - ICICI Securities
Source: ICICI Securities
25/06/2021 10:45:35 AM
Buy Bajaj Electricals Ltd For Target Rs. 1,280 - ICICI Direct Consumer product growth outlook remains intact… Bajaj Electricals’ consumer product segment reported 7% YoY revenue growth in FY21 despite loss of sales in Q1FY21. The company has maintained double digit growth guidance in consumer product (CP) for FY22 despite disruptions in May 2021 owing to lockdown. The urban regions, which contribute about two-third of segment sales will be key growth driver for Bajaj in the medium term as these regions are likely to recover fast from the...
Buy Bajaj Electricals Ltd For Target Rs. 1,280 - ICICI Direct
Buy Bajaj Electricals Ltd For Target Rs. 1,280 - ICICI Direct
Source: ICICI Direct
25/06/2021 9:54:13 AM
Add Bajaj Electricals Ltd : Consumer products outperformance now priced in; downgrade to ADD - Yes Securities Add Bajaj Electricals Ltd For Target Rs.1,193 Consumer products outperformance now priced in; downgrade to ADD Result Highlights * Quarter summary – Bajaj Electricals missed revenue estimates largely on lower revenue from EPC segment. Consumer products business delivered better than expected revenue growth. Gross margins expanded on favorable business mix towards consumer products. * Consumer products business – Consumer products registered 30.6% growth. All product ca...
Add Bajaj Electricals Ltd : Consumer products outperformance now priced in; downgrade to ADD - Yes Securities
Add Bajaj Electricals Ltd : Consumer products outperformance now priced in; downgrade to ADD - Yes Securities
Source: Yes Securities Ltd
26/05/2021 10:43:13 AM
Key News - Thermax Ltd, AstraZeneca Pharma India Ltd, Godawari Power and Ispat Ltd, Emami Ltd, Bajaj Electricals Ltd, Infosys Ltd by ARETE Securities Key News Thermax March-quarter net jumps nearly three-fold to Rs 107 crore Energy solutions firm Thermax said its consolidated net profit jumped nearly three-fold to Rs 107.35 crore for the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 39.03 crore in the quarter ended March 31, 2020, it said in a BSE filing. Total income rose to Rs 1,610.34 crore in the quarter from Rs 1,353.66 crore earlier. For the full fiscal 2020-21, consolid...
Key News - Thermax Ltd, AstraZeneca Pharma India Ltd, Godawari Power and Ispat Ltd, Emami Ltd, Bajaj Electricals Ltd, Infosys Ltd by ARETE Securities
Key News - Thermax Ltd, AstraZeneca Pharma India Ltd, Godawari Power and Ispat Ltd, Emami Ltd, Bajaj Electricals Ltd, Infosys Ltd by ARETE Securities
Source: ARETE Securities Ltd
26/05/2021 9:06:48 AM
Bajaj Electricals jumps after buying remaining stake of Starlite Lighting Bajaj Electricals is currently trading at Rs. 1172.30, up by 23.95 points or 2.09% from its previous closing of Rs. 1148.35 on the BSE. The scrip opened at Rs. 1153.00 and has touched a high and low of Rs. 1172.30 and Rs. 1125.70 respectively. So far 1628 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1224.50 on 29-Apr-2021 and a 52 week low of Rs. 332.05 on 04-May-2020. Last one week high and low of the scrip ...
Bajaj Electricals jumps after buying remaining stake of Starlite Lighting
Bajaj Electricals jumps after buying remaining stake of Starlite Lighting
Source: Accord Fintech
3/05/2021 12:01:56 PM
Buy Bajaj Electricals Ltd For Target Rs.1,099 - ICICI Securities Establishes sustainable double digit margin outlook in consumer business Bajaj Electricals (BJE) now has a couple of major business triggers, namely: 1) deleveraging balance sheet, and 2) improving margin and market share in consumer durables (CD) segment. While margin expansion and market share gain apply to organised peers too, BJE stands differentiated by its premiumisation efforts, wide product portfolio, and efficiency-led cost savings. We therefore believe BJE can sustain 15% revenu...
Buy Bajaj Electricals Ltd For Target Rs.1,099 - ICICI Securities
Buy Bajaj Electricals Ltd For Target Rs.1,099 - ICICI Securities
Source: ICICI Securities Ltd
9/03/2021 11:10:57 AM
Update On Bajaj Electricals Ltd By Yes Securities Strong all‐round performance with market share gains; remain cautious at current valuations * Our View ‐  This is second consecutive quarter of earnings beat for the company led be solid performance of Consumer products division. Company has been strategically reducing its exposure to EPC business. Given that there has been a sharp re‐rating given an improving balance sheet and prudent capital allocation, further re‐rating would be dependent on sustenance of strong growth r...
Update On Bajaj Electricals Ltd By Yes Securities
Update On Bajaj Electricals Ltd By Yes Securities
Source: Yes Securities Ltd
5/02/2021 11:55:58 AM