CMP: 205

Bajaj Electricals Limited manufactures electric fans and general lighting items, such as lamps, special lamps, fluorescent tubes, and lighting fixtures. The Company also manufactures consumer durables like small electrical appliances.

Bajaj Electricals is a decent mid-cap bet at a P/E of little over 15. Good dividend yields of 1.36% in the last 12 months. Revenues have steadily picked up from 1078 Crores to 2740 Crores in the last 5 years. Profits have risen sharply from 39 Crores to 143 Crores aided by strong NPM growth. NPM has grown from 3.60% to 5.22% over 5 years. Buy and hold for long term gains.