Bajaj Electricals stock price has fallen 28%: Here’s what makes it stock pick of the week


In addition to its inherent strength, Bajaj Electricals will also benefi t from the strong industry tailwind.

Synopsis

In addition to cost control measures, Bajaj Electricals has increased its product prices by 12-15% in the second quarter and is expected to carry out more hikes in the third quarter. It is also benefiting from tailwinds from the booming consumer electricals space, making it a favourite of analysts.

Bajaj Electricals has continued to report solid numbers. For instance, it was able to report a y-o-y revenue and net profit growth of 6% and 17% respectively during second quarter of 2021-22. This growth is not just because of the base effect of weak sales in 2020. Its revenue growth is placed at 9% CAGR when compared to the second quarter of 2019.

Though Bajaj Electricals is facing margin pressure due to jump in metal prices, the management

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