Bajaj Electricals Shares Jump 11% After Announcing Entry into Wire Segment

• Bajaj Electricals shares surged by 11% on January 20 after the company announced its entry into the wire segment.
• The company will launch wires as a new business under its Lighting Solutions segment, aiming for business expansion and diversification.
• The wire industry is experiencing rapidly increasing demand, and the segment is considered less competitive than cables with potential for high-margin exports.
• Building wires constitute 28-30% of the total cable and wire market, with companies like RR Kabel, Havells, and Finolex Cables having significant wire portfolios.
• Despite a 37.91% decline over the past year, this announcement led to a significant one-day rebound for Bajaj Electricals shares.

Why It Matters: Bajaj Electricals' strategic entry into the high-demand wire segment caused an 11% share price surge.