Bajaj Electricals hits 52-week high; stock up 19% in one week

The stock rallied 8.5% to Rs 306 on BSE in intra-day trade.

Bajaj Electricals rallied 8.5% to Rs 306, also its fresh 52-week high on BSE on back of heavy volumes. The stock of household appliances maker outperformed the market by gaining 19% in one week as compared to 0.42% rise in the S&P BSE Sensex.

In past one month, post October-December quarter (Q3FY17), the stock rallied 22% against 2% gain in benchmark index.

The company’s consumer products segment registered a good performance during the quarter, mainly due to effective procurement, better sales realisation, and sales growth in certain product categories.

The company said the rollout of RREP (Range, Reach