ICICI Direct is bullish on Bajaj Electricals has recommended buy rating on the stock with a target price of Rs 380 in its research report dated May 30, 2017.
Bajaj Electricals reported a weak set of earnings. In an interview to CNBC-TV18, Shekhar Bajaj, CMD of the company spoke about the results.
According to Ashwani Gujral of ashwanigujral.com, one can buy Indian Oil Corporation, Bajaj Electricals and GSFC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy DLF, Indraprastha Gas and Bajaj Electricals
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Escorts and Bajaj Electricals and sell Jindal Steel & Power.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the latest happenings in his company and sector.
Ashwani Gujral of ashwanigujral.com recommends buying Havells India, Apollo Tyres, Motherson Sumi, Marico and Kotak Mahindra Bank.
Sudarshan Sukhani of s2analytics.com suggests buying Adani Power, Bajaj Electricals and Texmaco Rail.
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Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Havells India with a target of Rs 450.
As per the agreement, Bajaj Electrical would continue to have right to use Morphy Richards trademark in India and neighbouring countries.
The company has been procuring products from manufacturers and/or importing from any other country for marketing the same in India under the agreement since April 2002.
"Earlier, we were looking clearly at Rs 5,000 crore, which was our objective target. We are now looking at number around Rs 4,600 crore for the year (FY 2016-17). The fourth quarter should be a good quarter," Bajaj Electricals Chairman & Managing Director Shekhar Bajaj told PTI.
ICICI Direct recommended hold rating on Bajaj Electricals with a target price of Rs 280 in its research report dated February 10, 2017.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV Network, Bank of India, Dewan Housing Finance, BEML and Bajaj Electricals.
Bajaj Electricals today reported a decline of 17.47 percent in standalone net profit at Rs 29.71 crore for the quarter ended on December 31, 2016, on account of fall in sales of consumer products.
Companies like Havells, Bajaj Electricals and Symphony may likely be the favorites to acquire the stake. Private equity players like Advent have also been approached for the acquisition.
As part of the tie-up, the bank has completely digitalised its processes when it comes to transactions with Bajaj Electricals and its vendors in such a way that blockchain solutions can be implemented, an official spokesperson said.
The company has partnered with Gooee to create innovative lighting products and solutions on IoT (Internet of things) platform.
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Gooee will be the first full stack operating platform providing Bajaj Electricals a service driven framework to deliver IoT applications to its customers, Bajaj Electricals said in a statement today.
Bajaj Electricals today reported a decline of 10.76 per cent in its standalone net profit to Rs 16.66 crore for the quarter ended on September 30, 2016 on account of sub optimal performance of lighting segment and increase in costs.
Lighting products and consumer durables maker Bajaj Electricals is looking at a turnover of around Rs 5,000 crore this fiscal, helped by robust growth in its durable and engineering and project segments.
The board of directors of the company at its meeting today reviewed the performance/operations of the GLS bulbs and tube lights manufacturing unit at Kosi, Mathura, Bajaj Electricals said in a BSE filing.