Shares of Bajaj Electricals rallied more than 10% in today’s trading session after the company informed exchanges about a strategic expansion of its business portfolio. The sharp rise in the stock price reflects positive investor sentiment following the announcement of a new product category under its existing Lighting Solutions segment.
In a regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, Bajaj Electricals stated that it has decided to enter the wires segment as part of its long-term growth strategy. The move is aimed at expanding and diversifying business operations to support sustainable growth, while also tapping into the rising demand in the domestic wires industry.
According to the company, the new wires business will operate under the Lighting Solutions segment. Bajaj Electricals plans to launch the products shortly and will assess market response before finalising the scale of investment. The total investment requirement will depend on multiple factors, including business scale, operational needs, and prevailing external conditions.
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