Bajaj Electricals Shares Dip After 11% Surge; New Wire Manufacturing Unit Announced
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CNBC Awaaz•21-01-2026, 09:52
Bajaj Electricals Shares Dip After 11% Surge; New Wire Manufacturing Unit Announced
- •Bajaj Electricals Ltd shares fell 3.86% today after an 11% surge yesterday.
- •The previous day's jump was attributed to the company's announcement of entering electrical wire manufacturing.
- •This strategic move aims to diversify business operations and capitalize on increasing demand in the wires industry.
- •The company plans to assess market response before determining investment levels for the new product line.
- •The wires segment offers growth potential, with building wires accounting for a significant portion of the market.
Why It Matters: Bajaj Electricals' stock dipped today despite a strategic move into wire manufacturing for long-term growth.
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