Bajaj Electricals surges 11% on board nod for business restructuring plan

Bajaj Electricals is currently engaged in consumer product (CP) segment and engineering procurement and construction segment (EPC) segment

Shares of Bajaj Electricals surged 11 per cent to Rs 1,159.95 on the BSE in Friday’s intra-day trade after the household appliances company announced that its board approved business restructuring.

At 10:36 am, Bajaj Electricals was up 8 per cent at Rs 1,134 on the BSE. In comparison, the S&P BSE Sensex was down 0.31 per cent at 58,624. The stock had hit a 52-week high of Rs 1,588.55 on September 17, 2021. The trading volumes at the counter jumped over five-fold with a combined around 1.4 million equity shares changing hands on the NSE and BSE.

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