Bajaj Electricals is doing very well today in an otherwise falling market. The stock opened Rs.10 higher at Rs.287, going on to hit an intra day high at Rs.296 and is currently almost 4.5% high at Rs.489 levels.

The stock is in the limelight ever since it announced on Friday that its engineering and project unit secured 8 new orders for rural electrification work in Jabalpur and Bhopal under the Rajiv Gandhi Gram Vikas Yojana. These orders are to the tune of Rs.518 crore. This new order comes closely on  the heels of another Rs.602 crore order it won last month. Market is enthused by this vibrant order intake and one hopes that execution also happens with equal energy.