Bajaj Electricals shares surge 11%, competitor stocks tumble up to 5%. What’s happening?

Bajaj Electricals is venturing into the wires segment, boosting its stock by 11%. This strategic move aims to capitalize on rising demand and diversify operations. While existing players like RR Kabel and Havells saw dips, experts highlight the segment’s resilience and consistent growth, even with fluctuating copper prices. The company plans a phased investment based on market response.