On April 19, Bajaj Electricals Ltd increased nearly 3%, the biggest jump since March 3 after a huge block deal wherein around 2.14 million shares or 1.9% stake of the company changed hands. The details of the buyers and the sellers were unknown, as per the Bloomberg report.

The stock rose 2.9% and recorded a high of Rs 1,080. At 10:40 am, the stock quoted Rs 1,068 on the Bombay Stock Exchange, up 2.4% from the earlier close.

The Bajaj group firm recently secured an order worth Rs 564.87 crore from South Bihar Power Distribution Company.

The order involves the plant’s supply and installation services to improve the distribution infrastructure of the electronic supply circle in Sasaram and Munger. The project has to be concluded in two years and 6 months.

At the close of the third quarter of FY22-23, Bajaj Electricals’ engineering and procurement segment holds an order book of Rs 1,200 crore.

Earlier, the customer durables, lighting, and EPC Player Company allotted Devika Sachdev as the head of advertising and brand management.

With over 21 years of knowledge and understanding in brand marketing and communications, Sachdev will lead the communication advantages for Bajaj, Morphy Richards, and Nirlep brands.

The company added that her role would encompass emerging integrated marketing communication strategies, implementing brand strategies, media planning, and digital marketing.