Net Sales are expected to increase by 14.4 percent Y-o-Y (down 15 percent Q-o-Q) to Rs. 1,837.2 crore, according to ICICI Direct.
Revenue was boosted by government-led projects for several players in the third quarter.
ICICI Direct recommended hold rating on Bajaj Electricals with a target price of Rs 470 in its research report dated February 08, 2019.
Bajaj Electricals had posted a revenue of Rs 4,716.39 last fiscal, in which EPC had contributed around 2,500 crore.
EPC segment saw a 157 percent year-on-year growth in revenue in Q3
Total income was also up at Rs 2,161.83 crore during the quarter under review, from Rs 1,145.13 crore in the year-ago period.
"Mid and small caps are likely to underperform until their valuations become attractive, says Vivek Ranjan Misra of Karvy Stock Broking.
Net Sales are expected to increase by 34.6 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 1,541.3 crore, according to ICICI Direct.
Nifty futures on Singaporean exchange are trading lower, mirroring the subdued sentiment as Wall Street witnessed selling pressure. This weighed on other Asian indices as well. The futures were trading at 10,970, a fall of 23 points on SGX Nifty.
At this juncture, we are seeing a mild bearish divergence on the daily chart and the impact of such development was seen during Thursday’s trade as Nifty opened lower with a decent gap
Technically, the momentum is strongly favouring the bulls and traders are advised to buy a fresh breakout above 10990 kind of levels.
This is the verbatim transcript of Bajaj Electricals management call with analysts.
The approach of having a decent mix of debt and equity in one’s portfolio is an important thing to balance the repercussions arising out of unstable times.
Nirlep as a cookware brand will continue to exist in the market
ICICI Direct recommended hold rating on Bajaj Electricals with a target price of Rs 650 in its research report dated August 10, 2018.
His sudden and unexpected passing away will be an irreparable loss to the company and all the directors and employees of the company convey deep sympathy, sorrow and condolences to Bajaj family.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 12 points or 0.11 percent. Nifty futures were trading around 11,035-level on the Singaporean Exchange.
The consumer durable market offers immense growth potential as penetration levels of even the most basic electronic goods are in low double-digits
Bajaj Electricals said it has agreed to complete the acquisition of entire shareholding of Nirlep in two tranches.
ICICI Direct is bullish on Bajaj Electricals has recommended buy rating on the stock with a target price of Rs 650 in its research report dated June 01, 2018.
JM Financial is bearish on Bajaj Electricals has recommended sell rating on the stock with a target price of Rs 450 in its research report dated May 23, 2018.