The stock hit a record high of Rs 624, up 8.6% on the BSE in noon deal, surpassed its previous high of Rs 585 recorded on January 5, 2018 in intra-day trade
The company said gross sales for the quarter is not comparable with the previous period due to GST implementation
It launched a new range of Morphy Richards products in the super premium segment
The stock was trading at Rs 329.70 a piece on BSE, up 0.20 per cent from the previous close
Bajaj Electricals is also looking to expand its offerings into the mass and premium segment
Focus on brand building, reduced dependence on wholesalers will aid margins
The stock rallied 8.5% to Rs 306 on BSE in intra-day trade.
Bajaj Electricals, VIP Industries and Future Consumer hit their respective 52-week highs on BSE
Total income from operations stood at Rs 959.36 crore