Shekhar Bajaj, CMD of Bajaj Electricals is very bullish on the LED lighting business where they have won order worth Rs 41 crore last month and have also received orders worth Rs 80 crore orders for Luminious.
Bajaj Electricals has been a marked underperformer through the year but Shekhar Bajaj, CMD of the company is very upbeat on the outlook for FY16 with a targeted turnover of Rs 5000 crore.
He is very bullish on the LED lighting business where they have won order worth Rs 41 crore last month and have also received orders worth Rs 80 crore orders for Luminious.
The engineering & projects (E&P) business is also seeing an uptick, says Bajaj with a starting order book of Rs 3000 crore. The company hopes to make revenues of Rs 1800 crore from the business next fiscal, he adds.
Currently, the company has shifted its focus from primary sales to secondary sales, which will bring down the inventory levels.
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Bajaj Electric stock price
On March 26, 2015, at 14:12 hrs Bajaj Electricals was quoting at Rs 214.05, up Rs 1.15, or 0.54 percent. The 52-week high of the share was Rs 384.80 and the 52-week low was Rs 200.95.
The latest book value of the company is Rs 70.39 per share. At current value, the price-to-book value of the company was 3.04.
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