Synopsis:

Bajaj Electricals to acquire ‘Morphy Richards’ brand from Glen Electric for ₹146 crore, expanding its product portfolio and strengthening presence across India and key South Asian markets.

This Bajaj Group Stock, engaged in manufacturing and distributing electrical consumer products, including appliances, fans, and lighting solutions, jumped 13.29 percent after acquiring the ‘Morphy Richards’ brand along with related intellectual property rights worth Rs. 146 crore.

With a market capitalization of Rs. 7,124.11 crores, the share of Bajaj Electricals Limited has reached an intraday high of Rs. 653.60 per equity share, rising nearly 13.29 percent from its previous day’s close price of Rs. 576.95. Since then, the stock has retreated and is currently trading at Rs. 617.50 per e

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