Bajaj electricals share: Bajaj Group company- Bajaj Electricals has seen a steady rise in its shares in the last 4 years. During this period the share has increased from ₹ 229 to the level of ₹ 1050. This represents a return of 358%. At the same time, the stock has seen a growth of 430% in the last eight years. Last year in the month of July, this share had touched a 52 week high of Rs 1,247.67. At the same time, in June 2024 the share price fell to Rs 822.05.
brokerage estimate
However, domestic brokerage firm HDFC Securities is bullish on this stock. The brokerage estimates Bajaj Electricals to see 14%, 38% and 47% growth in revenue, EBITDA and PAT, respectively, with 20% RoE and around 30% RoCE in FY24-27E. The brokerage said the stock could go up to ₹1200. With this, the brokerage has initiated coverage with a ‘buy’ rating.
According to the brokerage, for the first time in four decades the company has achieved cash position. With this, the company has simplified its corporate structure in Stage 1 of its transformation journey. The company is now focused on its next phase of industry-leading growth. According to HDFC Securities, the company is looking to increase premium offers. Today, it operates four distinct brands. These four brands are Bajaj – Built for Life, Nex – Feel the Future, Morphy Richards – Happiness Engineered and Nirlep.
about the company
Let us tell you that the company has dominance in the Fast-Moving Electrical Goods (FMEG) segment of India. Its diverse product portfolio includes consumer products like appliances, fans etc. During FY24 the company strategically demerged its EPC division (Power Transmission and Power Distribution). The promoters’ stake in the company is 62.80 percent.
