India's Bajaj Electricals gains after Societe Generale buys stake

Bajaj Electricals

14/06/2023 09:38

** Shares of Bajaj Electricals  BJEL.NS  rise as much as
2.81% to 1,219.75 rupees
    ** Rise after financial services firm Societe Generale buys
600,000 shares at 1,175 rupees per share
    ** Trading volume is ~122,000 shares as of 1:56 p.m. IST,
nearly equal to the 30-day avg - Refinitiv data
    ** Stock's MACD line rose above the signal line on
Wednesday, suggesting bullish momentum
    ** Avg rating of 18 analysts at equivalent of 'buy' with
median PT of 1,301.00 rupees
    ** Stock down 2.31% in 2023 so far, compared to 3.4% rise in
Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))