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    HomeNewsBusinessStocksHold Bajaj Electricals; target of Rs 1050: ICICI Direct

    Hold Bajaj Electricals; target of Rs 1050: ICICI Direct

    ICICI Direct recommended hold rating on Bajaj Electricals with a target price of Rs 1050 in its research report dated May 18, 2022.

    Broker Research
    May 19, 2022 / 12:40 IST
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report on Bajaj Electricals

      Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution). CP (appliances, fans, lighting) contributes ~78% to topline. Its premium brands include Morphy Richards and Nirlep. The company has over 2.3 lakh retail touch points across India • The company has been reducing exposure in the EPC business with maximum on executing high margin business.

      Outlook

      We maintain HOLD rating on the stock. We value Bajaj Electrical at Rs 1050 using SOTP i.e.38x and 6x PE for CP and EPC respectively on FY24E EPS each.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: May 19, 2022 12:40 pm

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