India's Bajaj Electricals extends decline on downbeat Q1 results

Bajaj Electricals

08/08/2025 07:12

** Shares of Bajaj Electricals BJEL.NS fall 3.9% to 591.15 rupees

** Consumer appliances maker posts 96.8% slump in Q1 profit on weak demand and a one-time charge

** Co's shares slipped 2.7% after the results on Thursday

** Ambit Institutional Equities ("buy", PT cut to 767 rupees) trims FY27 revenue estimates by 5%, says exploring strategic options to restructure Nirlep cookware business has not resulted in synergies

** 11 analysts covering the stock have a "buy" rating on average; median PT is 708.5 rupees - data complied by LSEG

** Stock down ~23% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))