India's Bajaj Electricals surges after Q4 profit growth

Bajaj Electricals

12/05/2025 10:10

** Shares of Bajaj Electricals Ltd BJEL.NS rise as much as 17.8% to 624.35 rupees

** Appliances maker's Q4 consol net profit more than doubled y/y to 590.5 mln rupees; total rev up 6.5% y/y

** Adds, bigger consumer products segment rev up 8.4% y/y

** Co records an exceptional gain of 213.7 mln rupees as part of liquidation of few properties

** More than 1.5 mln shares traded as of 2:34 p.m. IST, 13.2x their 30-day moving avg

** Mean rating of stock is 'hold'; their median PT is 815 rupees - data compiled by LSEG

** BJEL last up 14.2%, cutting YTD losses to ~31%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))