ICICIdirect.com has buy call on Bajaj Electricals with a target price of Rs 575.
The current market price of Bajaj Electricals is Rs 526.3. Time period given by analyst is year when Bajaj Electricals Ltd. price can reach defined target.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 5191.72 Crore) operating in Consumer Durables sector.

ICICIdirect.com believes BEL is a strong candidate of re-rating owing to strong performance of E&P division and recovery in sales of CD products with RREP nearing the end in FY18E.
In addition to this, it also believes Bajaj being a strong brand in the consumer product category would gain market share from unorganised players post implementation of GST.
On the other hand, sustained performance of E&P segment (owing to execution of higher margin orders) would aid on future performance of the company. Under our SOTP based valuation, ICICIdirect.com value BEL's CD segment MCap at 1.8x FY20E sales (~40% discount to peers) and E&P segment at 7x FY19E EV/EBITDA. The brokerage house maintains 'BUY' rating on the stock with a target price of Rs 575 per share.