India's Bajaj Electricals hits three-month high after Q1 profit surges from low base

Bajaj Electricals

06/08/2026 09:43

** Bajaj Electricals BJEL.NS shares rise as much as 15.8% to 403 rupees, hitting their highest level since May 2026 
** Electrical appliance maker's June-qtr net profit jumps over fifty-fold YoY to 483.8 million rupees ($5.08 million)
** Total revenue from operations rise 2.3% to 10.89 billion rupees 
     ** Stock trades at forward 12-months P/E of 28.94 vs industry median of 27.55
** Six of 15 brokerages covering the stock rate it "buy" or higher, 6 "hold" and 3 "sell"; their median PT is 387 rupees
** YTD, stock down 17.7% vs 7.1% rise in Nifty Smallcap 500 Index .NIFTYSMALLCAP500  


($1 = 95.2200 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))