India's Bajaj Electricals jumps as it enters cables market

Bajaj Electricals

05/06/2026 07:24

** Bajaj Electricals' BJEL.NS shares rise 4.2% to 316.5 rupees, their biggest intraday pct gain in a month, snapping a three-session losing streak
** Home appliances maker to foray into cables segment; plans to commence operations shortly
** Co did not immediately disclose how much it will invest in the segment
** Over 322,000 shares traded, over 1.1x the 30-day avg
** Stock rated "hold" on avg; median PT 387 rupees - data compiled by LSEG
** Despite day's gains, stock down 34% YTD
     

(Reporting by Aleef Jahan in Bengaluru)
((aleefjahan.cs@thomsonreuters.com))