BAJAJ ELECTRICALS NEWS
TVS Motor to make 80,000 electric two-wheelers a month as EVs capture over 20% of India's scooter market
TVS Motor Company plans to raise its electric two-wheeler manufacturing capacity to 80,000 units per month by March 2027 as sales surge and demand for electric scooters grows. The company's EV sales more than doubled in the second quarter, while rivals Bajaj Auto and Ather Energy are also expanding production to meet rising demand.
Bajaj Electricals exec chairman Shekhar Bajaj to become non-executive board member from January
Bajaj Electricals executive chairman Shekhar Bajaj will step down from his current role by the end of 2026 after leading the company for four decades. He will transition to a non-executive board position from January 1, 2027, subject to shareholder approval. The move is part of the company’s shift towards a professionally managed, board-led governance model, it said.
Kotak Mahindra Bank gets RBI nod to appoint Anup Saha as MD & CEO
Anup Kumar Saha has been appointed by the Reserve Bank of India as managing director and CEO of Kotak Mahindra Bank. His three-year term will begin on January 1, 2027, succeeding Ashok Vaswani. Saha has extensive experience in financial services, including leadership roles at Bajaj Finance and ICICI Bank. The Kotak board will formalize this appointment and seek approval from shareholders.
Palmonas' offline push; IndiaAI's GPU crunch
Happy Thursday! Demi-fine jewellery brand Palmonas is betting on offline stores, cofounder Pallavi Mohadikar said. This and more in today’s ETtech Morning Dispatch.
Slice’s big valuation cut; Betting networks under lens
Slice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more in today's ETtech Top 5.
Bajaj Electricals shares surge 11%, competitor stocks tumble up to 5%. What’s happening?
Bajaj Electricals is venturing into the wires segment, boosting its stock by 11%. This strategic move aims to capitalize on rising demand and diversify operations. While existing players like RR Kabel and Havells saw dips, experts highlight the segment's resilience and consistent growth, even with fluctuating copper prices. The company plans a phased investment based on market response.
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Stocks in news: Apollo Hospitals, Nykaa, Ola Electric, Bajaj Auto, Suzlon Energy
Markets experienced volatility but closed with gains. Several companies, including Apollo Hospitals and Nykaa, are set to release their Q4 results. Mazagon Dock reported a profit decline, while Bajaj Auto saw an increase. Ola Electric's losses widened, but Suzlon Energy reported substantial profit growth. Lemon Tree Hotels and Amara Raja also announced their Q4 results.
Buy Bajaj Electricals, target price Rs 1200: HDFC Securities
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 10966.72 Crore) operating in Consumer Durables sector.
Buy Bajaj Electricals, target price Rs 1200: HDFC Securities
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12349.02 Crore) operating in Consumer Durables sector.
Buy Bajaj Electricals, target price Rs 1300: JM Financial
Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables, Contract Revenue, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.
Add Bajaj Electricals, target price Rs 1140: ICICI Securities
Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables, Contract Revenue, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.
Buy Bajaj Electricals, target price Rs 1470: JM Financial
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12242.82 Crore) operating in Consumer Durables sector.
Bajaj Electricals to increase its play in the premium segment
Bajaj Electricals plans to launch new premium products to increase its revenue contribution from upscale products. The company will be launching a Morphy Richards range in the latter half of this year. Its recent launch of a new brand, 'Nex,' targets upscale consumers with its premium range of appliances. Bajaj Electricals looks to focus on brand upliftment and product premiumisation by launching new products to grow market share.
Add Bajaj Electricals, target price Rs 1230: ICICI Securities
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13360.63 Crore) operating in Consumer Durables sector.
Add Bajaj Electricals, target price Rs 1230: ICICI Securities
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12808.99 Crore) operating in Consumer Durables sector.
Buy Bajaj Electricals, target price Rs 1290: ICICI Direct
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13874.73 Crore) operating in Consumer Durables sector.
Buy Bajaj Electricals, target price Rs 1290: ICICI Direct
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 14089.02 Crore) operating in Consumer Durables sector.
Add Bajaj Electricals, target price Rs 1200: Centrum Broking
Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13280.09 Crore) operating in Consumer Durables sector.
Bajaj Auto defers share buyback; Shekhar Bajaj steps down
"We wish to inform that the board...has decided that further deliberations are required in order to take a decision on the proposal of buyback, and accordingly deferred the matter," Bajaj Auto said in a customary filing with the exchanges.
Add Bajaj Electricals, target price Rs 1,035: ICICI Securities
Bajaj Electricals reported mere 6% YoY revenue growth, impacted by rural slowdown and reducing traction on alternate channels (e-commerce and modern trade).
Bajaj Electricals Q4 results: Profit down 29% at Rs 39 crore
The company had posted a net profit of Rs 54.26 crore for March quarter of the previous fiscal year, Bajaj Electricals said in a regulatory filing.
Bajaj Electricals Q2 results: Net profit up 18% to Rs 62.55 crore
Commenting on the results, Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said: "This has been a strong come-back quarter despite the external challenges. We have maintained our strategic direction and focus."
Bajaj Electricals Q3 results: Net down 84% at Rs 9 crore
Its revenue from consumer product segment was up 12.70 per cent to Rs 860.21 crore.
Buy Bajaj Electricals, target Rs 660: Phillip Capital
Bajaj Electricals is a midcap company, operating in consumer durables sector.
Bajaj Electricals Q1 jumps 98% to Rs 40.53 crore
The company had registered a net profit of Rs 20.50 crore in April-June period a year-ago.
Bajaj Electricals eyes Rs 5,000-crore turnover this fiscal
There is negative sales in the first quarter (because of GST). We should be able to catch up a little bit in the second quarter, but July was very weak, said the firm.
Union Budget 2011: Shekhar Bajaj, Harsh Goenka welcome budget
'It is a pragmatic budget under the challenging circumstances and has a basket of goodies for the individual in the form of tax benefits, rural housing and agri-reforms.'
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