Bajaj Electricals share price zooms 11% in weak market on January 20; what you need to know

The stock of the company rallied as much as 10.82% to hit a high of ₹468 on the NSE.

Shares rallied following the company's corporate filing early morning.

In its filing, the company said that to enable the expansion and diversification of the company’s business operations for sustainable growth, it has decided to enter into ‘Wires’ as a new business line under its ‘Lighting Solutions’ segment, in view of the growing demand in the Wires Industry.

The company is planning to launch the product shortly and assess the market to ascertain the investment required, which will be determined based on various factors, including the scale of business, operational requirements, and other prevailing external factors.

About Bajaj Electricals

Bajaj Electricals operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment offers a comprehensive range of fans and kitchen and home appliances.

Lighting Solutions delivers lighting products for both consumer and professional applications. It offers a comprehensive range of light-emitting diode lamps and fixtures, including panels, battens and specialised solutions for street, sports, industrial and infrastructural lighting.

The company’s brand offerings comprise Bajaj, Nirlep, Morphy Richards, and Nex. Under the brand BAJAJ, it offers fans & appliances and consumer and professional lighting.

The brand Nirlep offers non-stick and pressure cookware designed for low-oil cooking, nutritional retention and ease of use. It also provides various fans comprising ceilings, pedestals, tables, walls, personal, domestic, and others. It has over 1.7 lakh retail outlets and 660 consumer care centres.

In September 2025, Bajaj Electricals informed exchanges in a regulatory filing after that its board had approved a ₹146 crore deal to acquire the brand rights of Morphy Richards for India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka.

The company said it would acquire the intellectual property rights of Morphy Richards, including the brand rights for India and neighbouring markets, from Glen Electric, part of the Ireland-based Glen Dimplex Group.