India's Bajaj Electricals rises on order win

Bajaj Electricals

30/09/2022 10:10

** Shares of consumer and industrial goods company Bajaj
Electricals Ltd  BJEL.NS  rise as much as 7.09% to 1,216.90
rupees, in its biggest intraday pct gain since Aug. 18
    ** Co said late on Thursday it was awarded a contract worth
3.33 billion rupees  ($41.04 million) from Power Grid
Corporation of India  PGRD.NS  (https://bityl.co/EniR)
    ** BJEL on Thursday also approved the merger of Nirlep
Appliances with co  urn:newsml:reuters.com:*:nFWN30Z1OS
    ** Stock rises for a fourth straight session
    ** More than 311,000 shares traded by GMT 0900 vs their
30-day avg of 149,780 shares
    ** Thirteen of 18 brokerages rate the stock "buy" or higher,
4 "hold" and 1 "sell" or lower; their median PT is 1,268.50
rupees- Refinitiv data
    ** Stock down 11.52% YTD as of last close
($1 = 81.1500 Indian rupees)
 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))