India's Bajaj Electricals gains on wire business foray

Bajaj Electricals

20/01/2026 04:07

** Shares of Bajaj Electricals BJEL.NS rise 7.4% to 453 rupees, their biggest intraday pct-gain since May 2025

** Electric appliances maker to foray into wires segment as a new business line

** Co plans to launch product shortly and assess market to ascertain investment required

** Stock rated "buy" on avg; median PT 558 rupees - data compiled by LSEG

** Stock down 37.8% in 2025

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))