Bajaj Electricals announced that the engineering & project business unit has bagged substation, transmission line & distribution projects worth Rs 2.97 billion from Madhya Pradesh Electricity Board under feeder separation scheme.
The stock had outperformed the market over the past one month till Feb. 26, 2014, falling 0.12% compared with the Sensex's 0.69% decline. It underperformed the market in past one quarter, declining 1.80% as against 2.75% rise in the Sensex.
Shares of the company declined Rs 0.2, or 0.08%, to settle at Rs 245.55. The total volume of shares traded was 14,413 at the BSE (Friday).