š—”š—²š˜„š˜€ š—¦š˜‚š—ŗš—ŗš—®š—æš˜†
• Prabhudas Lilladher recommends a hold rating on Bajaj Electricals with a target price of Rs 1032.
• BJE reported weak numbers with a decline in sales and PAT due to a muted demand environment and margin contraction.
• The company is focused on market share gain and investing in brand and premiumisation, with estimated CAGR of 9.8%/13.7%/14.6% for FY23-26E in Revenue/EBITDA/PAT.