Bajaj Electricals will hold a meeting of the Board of Directors of the Company on 23 May 2018.

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Gujarat Pipavav Port Ltd, MMTC Ltd, Sterlite Technologies Ltd and Future Retail Ltd are among the other gainers in the BSE's 'A' group today, 17 April 2018.

Bajaj Electricals Ltd surged 7.71% to Rs 666.95 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.08 lakh shares were traded on the counter so far as against the average daily volumes of 66639 shares in the past one month.

Gujarat Pipavav Port Ltd soared 4.07% to Rs 145.9. The stock was the second biggest gainer in 'A' group. On the BSE, 14393 shares were traded on the counter so far as against the average daily volumes of 25675 shares in the past one month.

MMTC Ltd spiked 3.63% to Rs 64.2. The stock was the third biggest gainer in 'A' group. On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 5.64 lakh shares in the past one month.

Sterlite Technologies Ltd jumped 3.38% to Rs 328.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.17 lakh shares were traded on the counter so far as against the average daily volumes of 2.69 lakh shares in the past one month.

Future Retail Ltd exploded 3.35% to Rs 613.55. The stock was the fifth biggest gainer in 'A' group. On the BSE, 30333 shares were traded on the counter so far as against the average daily volumes of 30471 shares in the past one month.

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The announcement was made after market hours yesterday, 16 April 2018.

Meanwhile, the S&P BSE Sensex was up 38.27 points, or 0.11% to 34,343.70.

On the BSE, 1.73 lakh shares were traded in the counter so far compared with average daily volumes of 79,000 shares in the past two weeks. The stock had hit a high of Rs 665.85 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 640.30 so far during the day. The stock hit a 52-week low of Rs 294.50 on 11 August 2017.

Bajaj Electricals announced that its engineering and project business unit bagged orders for ten rural/urban electrification projects in Uttar Pradesh aggregating worth Rs 3577.93 crore from Madhyanchal Vidyut Vitaran Nigam (MVVNL) under the Saubhagya Yojna of Government of India. The projects shall be completed within 15 months from the date of issue of letter of intent (LOI).

Net profit of Bajaj Electricals rose 23.96% to Rs 36.83 crore on 9.01% rise in net sales to Rs 1140.70 crore in Q3 December 2017 over Q3 December 2016.

Bajaj Electricals business is spread across consumer products (appliances, fans, lighting), exports, luminaires and EPC (illumination, transmission towers and power distribution).

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Bajaj Electricals has bagged orders for six rural electrification projects in State of Uttar Pradesh aggregating to Rs 2389.03 crore from Purvanchal Vidyut Vitran Nigam under the Saubhagya Yojna of the Government of India.

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