Bajaj Electricals zooms 50% in three days post December quarter results

Analysts remain structurally positive on Bajaj Electricals given strong brand with leadership position in kitchen appliances and deep distribution network

Bajaj Electricals shares zoomed 20 per cent to hit a new high of Rs 1,106 in intra-day trade on the BSE on Monday. The stock has now rallied 50 per cent in three days after the company reported robust consolidated net profit of Rs 98 crore in the December quarter (Q3FY21), on strong performance by consumer products (CP) business. The household appliances maker had recorded a profit of Rs 9 crore in the year-ago quarter.

Analysts have a positive stance on Bajaj Electricals, given resilient demand momentum across product categories, more so in kitchen appliances, market share gains aided