Bajaj Electricals CMD Shekhar Bajaj says there is a scope for an economy brand that would change the nature of the consumer electronics business in rural India.
Bajaj Electricals has dipped 7% to Rs 200, extending its previous day’s over 4% fall on reporting 8% year-on-year growth in net profit at Rs 26.92 crore in September 2012 quarter mainly on account of one-time gain of Rs 24.68 crore on disinvestment
Bajaj Electricals today reported around 8% growth in net profit at Rs 26.92 crore in the quarter to September from Rs 24.98 crore in the year-ago period.
Both Havells India and Bajaj Electricals have outperformed the markets since the start of September, following upgrades by analysts and improving outlook. What’s more, many analysts believe there is still room for the stocks to move up.
Bajaj Electricals is trimming its low-margin engineering and projects business that has been creating pressure on the company’s balance sheet due to cost overrun in older projects.
Bajaj Electricals has gained almost eleven per cent since closing lows of Rs 169.95 on September 7. This has come with the buzz of stake sale in Bajaj ventures that was likely to improve the balance sheet.
Bajaj Electricals is trading higher by 4% to Rs 193 after promoters of the household appliances maker raised their stake in the company in past couple of days through open market transactions.
Bajaj Electricals has tanked over 7% at Rs 199 on reporting a 15% year-on-year (y-o-y) drop in its net profit at Rs 48.99 crore for the quarter ended March 31, 2012 mainly on account of expenses on change in inventories and higher interest cost.
Bajaj Electricals, which on Monday reported a 15 per cent drop in net profit for the March quarter on poor sales in its engineering division, will selectively increase prices to tackle the massive fall in rupee.
Bajaj Electricals today reported a 14.72% dip in its net profit at Rs 48.99 crore for the quarter ended March 31, 2012 mainly on account of expenses on change in inventories.
Bajaj Electricals has merged all its overseas operations into itself from the sister-firm Bajaj International, which has now been transformed into an investment company.
Bajaj Electricals has plunged 9% at Rs 174 in noon trades, after the company said that it has received the resignation letter from one of the company’s executive director’s Mr. R. Ramakrishnan.
The lightings division of Bajaj Electricals Ltd is aiming for a turnover of Rs 800 crore during the current fiscal, a 35 per cent growth vis-a-vis the previous year, a top company official said today.
Bajaj Electricals today posted a 51% decline in its net profit to Rs 11 crore for the quarter ended June 30, 2011, as compared to the same period last year.
Bajaj Electricals is trading lower by 8% at Rs 222 after reporting a 51% year-on-year drop in net profit at Rs 11.06 crore for the quarter ended June 30, 2011. The company had reported a net profit of Rs 22.50 crore in the corresponding quarter of the
