BAJAJELEC.NSE Bajaj Electricals Ltd.

Prabhudas Lilladher recommended accumulate rating on Bajaj Electricals with a target price of Rs 1301 in its research report dated May 24, 2023.

Divis Laboratories continued to see healthy volumes for yet another session. It jumped 3.7 percent to Rs 3,385.8, the highest closing level since May 10 and formed long bullish candlestick pattern on the daily scale for second consecutive session.

Bajaj Electricals Ltd rose 1.7% today to trade at Rs 1086.75. The S&P BSE Consumer Durables index is up 0.35% to quote at 38515.48. The index is up 1.19 % over last one month. Among the other constituents of the index, Titan Company Ltd increased 0.74% and Sheela Foam Ltd added 0.64% on the day. The S&P BSE Consumer Durables index went down 9.59 % over last one year compared to the 4.47% surge in benchmark SENSEX. Bajaj Electricals Ltd has lost 0.81% over last one month compared to 1.19% gain in S&P BSE Consumer Durables index and 2.61% rise in the SENSEX. On the BSE, 612 shares were traded in the counter so far compared with average daily volumes of 1.66 lakh shares in the past one month. The stock hit a record high of Rs 1265 on 23 Aug 2022. The stock hit a 52-week low of Rs 857.55 on 17 Jun 2022.

Net Sales are expected to decrease by 1.8 percent Y-o-Y (down 12.4 percent Q-o-Q) to Rs. 1,298.5 crore, according to Prabhudas Lilladher.