Bajaj Electricals may move to Rs 540-550
According to the veteran technical analysts Bajaj Electricals seems to be good as it is expected to move up to Rs 540- 550 . It is recommended to the investors to keep a stoploss of Rs 460.
Bajaj Electricals Ltd is an Indian consumer electrical equipment manufacturing company based in Mumbai, Maharashtra. The mother company of Bajaj Electricals is Rs 380 billion Bajaj Group, has diversified with interests in lighting, luminaries, appliances, fans, LPG based Generators, engineering and projects.
For the next one to three months, maybe four months the targets are expected to be Rs 540-550.
The main domains of Bajaj Electricals are lighting, consumer durables, engineering and projects. At 15:22 hrs Bajaj Electricals was quoting at Rs 494.20, up Rs 3.95, or 0.81 percent. It has touched a 52-week high of Rs 500.80.