There will be light at the end of the tunnel for the company’s consumer durables segment

For investors with a long time horizon, it is a good opportunity to buy the stock of consumer electrical company Bajaj Electricals. In the last six months, the stock has corrected by about 30 per cent and at ₹199 now, it trades at an attractive valuation of 12 times the likely earnings of 2016-17. Its peers Havells India and V-Guard Industries trade at about 25-28 times their one-year forward earn...