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HomeSHARE MARKET₹190 Share Hit Upper Circuit Within Seconds After 350 Crore Transmission Line...

₹190 Share Hit Upper Circuit Within Seconds After 350 Crore Transmission Line Order

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Bajel Projects Ltd (NSE: BAJEL): The share of Bajel Projects Ltd has risen. There is news of the company getting the order. 

After this news, the stock has increased. The company is involved in the transmission, power, and power distribution business.

Due to the news, an upper circuit has been imposed on the company’s shares. The share is locked at the upper circuit of 5 percent. 

The share opened at Rs 175.55 against the closing price of Rs 181.70. After this, the share was locked at Rs 190.75.

The firm has received orders totaling 350 Crore. This order has been received for the transmission line.

About Bajel Projects Ltd 

Bajel Projects Limited is a Private Company founded on Wednesday 19 January 2022. Its goal is to conduct the Power Transmission and Power Distribution Business.

It is an entirely-owned affiliate firm from Bajel Electricals Limited (BEL).

Bajel Projects Limited (BPL) was previously part of Bajaj Electricals Limited. It is among the most reputable companies in the Engineering, Procurement, and Construction (EPC) business.

The company is a part of four business segments: Power Transmission, Power Distribution, Monopoles, and International EPC, and has its top-of-the-line manufacturing facility equipped that is equipped with the latest technology in Ranjangaon MIDC, Pune.

BPL has a proven history of national and international operations, with an impressive customer base.

International Operations: Kenya Power & Lighting Company.

National Operation: Power Grid Corporation of India Ltd, Madhya Pradesh Power Transmission Company Ltd, Haryana Vidyut Prasaran Nigam Ltd, and West Bengal State Electricity Distribution Company Ltd, and other companies.

Fundamental Analysis of Bajel Projects Ltd

Market Cap₹ 2,207 Cr.
Current Price₹ 190.75
52-wk High₹ 249 
52-wk Low₹ 108
Stock P/E
Book Value₹ 48.6
Dividend0.00 %
ROCE
ROE
Face Value₹ 2.00
P/B Value3.92
OPM
EPS
Debt₹ 3.98 Cr.
Debt to Equity0.01

Bajel Projects Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹200₹243
2025₹250₹275
2026₹287₹322
2027₹343₹367
2028₹370₹398
2029₹400₹423450
2030₹432
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Bajel Projects Ltd Shareholding Pattern

Promoters Holding
Dec 2022
Mar 2023
June 2023
Sept 202362.85%
Dec 202362.85%
FII Holding
Dec 2022
Mar 2023
June 2023
Sept 202310.51%
Dec 202310.46%
DII Holding
Dec 2022
Mar 2023
June 2023
Sept 202311.98%
Dec 202312.03%
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Public Holding
Dec 2022
Mar 2023
June 2023
Sept 202314.66%
Dec 202314.66%

Bajel Projects Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019
2020
2021
2022
2023₹ 0.00 Cr

Last 5 Years’ Net Profit:

2019
2020
2021
2022
2023₹ -0.30 Cr
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Company’s Positive Signs:

  • The company is nearly debt-free.

Company’s Negative Signs:

  • The stock is trading at 3.93 times book value.
  • This company boasts a low-interest coverage ratio.

Conclusion

This article is a complete guide about Bajel Projects Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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