Lancelot D'Cunha, CEO, Sharyans Wealth Management shares his view on Bajaj Electrical .
D'Cunha told CNBC-TV18, "Bajaj Electrical, last year the share price had really come off because there was no growth on the engineering and procurement business and the lighting business did not really take off. But our interaction with the management now indicates that the lighting business and the EPC business has started to pick up."
He further added, "On the consumer durables business the rural demand continues to be strong and you will see fair amount of growth both in margins and the top-line on this side of the business. If you looked at the projected earnings for this year it is quoting at about 10 times its EPS for FY12 and about 8 times FY13 EPS. So this is actually something where you are getting an exposure to the growing consumption theme at almost 8 times or 9 times earnings which are a fairly reasonable valuation for a company of this size."
Disclosures: Myself and my clients have investments in all these three companies.
