Bajaj Electricals Shares Soar 11% on Wires Segment Entry, Impact on Peers
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CNBC TV18•20-01-2026, 10:44
Bajaj Electricals Shares Soar 11% on Wires Segment Entry, Impact on Peers
- •Bajaj Electricals Ltd. shares surged 11% after announcing its entry into the wires segment under its Lighting Solutions.
- •The company aims to expand and diversify its business for sustainable long-term growth, citing rising demand in the wires industry.
- •Management expects a product launch shortly, with future investment levels to be determined by market response.
- •The wires segment is considered less competitive than cables and offers potential for higher-margin exports.
- •Peers like RR Kabel, Havells, and Finolex Cables have significant revenue from wires, with Motilal Oswal projecting 15% revenue CAGR for the segment.
Why It Matters: Bajaj Electricals' entry into the high-demand wires segment drove an 11% stock surge, impacting industry peers.
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