India's Bajaj Electricals jumps on report co to sell loss-making unit

Bajaj Electricals

24/11/2025 06:29

** Bajaj Electricals BJEL.NS jumps 6.3% to 518 rupees

** Stock of consumer durables manufacturer on track for best session since May 12

** Co has put its loss-making Nirlep cookware unit for sale to focus on the core consumer electronics segment, ET reports citing two industry executives

** BJEL did not immediately respond to a Reuters request for comment

** The Bajaj family has sounded out potential buyers and talks are at an initial stage, according to the report

** Stock rated "buy" on avg by 16 analysts covering it; median PT at 587 rupees - data compiled by LSEG

** YTD, BJEL down 33%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))