Bajaj Electricals dips 5% in a firm market on growth concerns

Demand in the consumer product segment slowed down in Q3FY22, largely due to weaker demand in rural markets

Shares of Bajaj Electricals declined 5 per cent to Rs 1,051 on the BSE in Wednesday's intra-day trade, in an otherwise firm market, on growth concerns due to weak demand.

In the past one month, the stock of the household appliances company has slipped 11 per cent as against 6.6 per cent decline in the S&P BSE Sensex. In the past six months, it slipped 20 per cent, as compared to a 6-per cent fall in the benchmark index. Moreover, the stock has corrected 34 per cent from its 52-week high level of Rs 1,589 touched on September 17,