Bajaj Electricals looks electrifying for the long termBajaj Electricals Limited was incorporated in July, 1938. The Company is engaged in business of consumer products (appliances, fans, lighting), EPC (illumination, power transmission and power distribution) and exports. Powered by a Pan-India presence and a market leading position in the industry, the Company functions through 20 branch offices which are duly supported by a chain of approximately over 700 distributors, 2.20 lakhs retail outlets and over 600 consumer care centres. The company has also a strong foothold in power transmission and distribution business.
Bajaj Electricals Limited CMP is 1003.90. The positive aspects of the company are Mutual Funds Increased Shareholding in Past Month, Dividend yield greater than sector dividend yield and Company with No Debt. The Negative aspects of the company are High PE (PE=94.8), Low durability companies, Declining profits every quarter for the past 2 quarters.
Entry can be taken after closing above 1022. Targets in the stock will be 1053, 1084, 1111 AND 1146. The long-term target in the stock will be 1189, 1274 and 1357. Stop loss in the stock should be maintained at Closing below 933 or 891 depending on your risk taking ability.
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