630 per cent returns: This multibagger company receives new orders worth Rs 661.85 crore from Power Grid Corporation of India!

The stock gave returns of over 630 per cent in a decade.

Bajaj Electricals Ltd informed that the company received new orders worth Rs 661.85 crore from Power Grid Corporation of India. Here are the details:

Order No -1: Supply of 400kV New Transmission Line -83.12km and 400kV New Transmission Line - 183km at Ananthapur and Kurnool in Andhra Pradesh. The order is worth Rs 564.2 crore and will be completed within 21 months from the letter of acceptance (LOA).

Order No -2: Supply of 756 kV bay extension works at 2 locations i.e., Bhadla and Sikar in Rajasthan. The order is worth Rs 97.65 crore and will be completed within 15 months from the letter of acceptance (LOA).

Bajaj Electricals Limited is a part of the Bajaj Group of companies and is a leading FMEG company spread across consumer products and EPC sectors. It also has a presence in premium home appliances and cookware segments with brands like Morphy Richards and Nirlep. The company has a market cap of 12,342 crore.

On Friday, shares of Bajaj Electricals Ltd surged 2.80 per cent to an intraday high of Rs 1,099 per share from its previous closing of Rs 1,069. At, 03:30, shares of the company ended the day in the green, up 0.29 per cent to Rs 1,072.20 per share.

The stock gave returns of over 630 per cent in a decade. Investors should keep an eye on this multibagger Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.