Bajaj Electricals lights up

Bajaj Electricals is a big gainer on the bourses today; right from opening bell it has been holding steed at the top gainer, going on to hit a new high at Rs.306.

Nothing has really changed from yesterday in the stock; no new news has come in; it is just that it has caught the eye of various fund/brokerage houses, based on its strong fundamentals.

Its Q3FY17 was good due to better sales realization, higher turnover and better procurement prices. The overall perception is that coming months would be much better for the company and the EPC business is expected to bounce back on the back of a robust order book.