Bajaj Electricals Shares Soar 11% on Wires Segment Entry, Impact on Peers

• Bajaj Electricals Ltd. shares surged 11% after announcing its entry into the wires segment under its Lighting Solutions.
• The company aims to expand and diversify its business for sustainable long-term growth, citing rising demand in the wires industry.
• Management expects a product launch shortly, with future investment levels to be determined by market response.
• The wires segment is considered less competitive than cables and offers potential for higher-margin exports.
• Peers like RR Kabel, Havells, and Finolex Cables have significant revenue from wires, with Motilal Oswal projecting 15% revenue CAGR for the segment.

Why It Matters: Bajaj Electricals' entry into the high-demand wires segment drove an 11% stock surge, impacting industry peers.