India's Bajaj Electricals rises on Q4 profit growth

Bajaj Electricals

23/05/2023 08:59

** Shares of Bajaj Electricals Ltd  BJEL.NS  rise as much as
4.8% after co reports 31.8% jump in Q4 consolidated net profit
    ** Co's total rev from ops up 12%, also approves fundraising
proposal for up to 5 bln rupees
    ** Stock hits highest level since Aug. 26, 2022
    ** More than 424,000 shares change hands by 01:16 p.m. IST,
~3.9x 30-day avg
    ** Thirteen analysts rate stock 'buy' or higher, 5 'hold'
and 1 'sell;' median PT is 1,307.5 rupees - Refinitiv data
    ** Stock fell 1.1% YTD up to last close

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))