Shares of Bajaj Electricals saw a marginal rise after talks of its acquiring Hind Lamps hit the market in the early trading hours of Tuesday, As per the filing, the company’s board will meet on Thursday to consider and approve the acquisition of the manufacturing business of Hind Lamps.
On the same day, the company will also report the Q2 earnings.
Bajaj Electricals Ltd is trading at Rs 396, up by Rs 3.05 or 0.78% from its previous closing of Rs 392.95 on the BSE.
The scrip opened at Rs 396.3 and has touched a high and low of Rs 396.7 and Rs 395.35 respectively. The stock is currently trading above its 50 DMA.
BEL is a major player providing solutions in the lighting, consumer durables (CD), engineering and projects (E&P) segments. It derived 54% of revenue from Consumer Durables business and 46% from Engineering & Project in FY17.
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