The electric equipment sector covers various products, such as generators, transformers, cables, and electronic components. While the products belong to a niche market, they are used widely in daily life. As India continues to grow, the electric equipment sector is likely to witness the same. However, these stocks can be affected by various factors such as economic conditions, demand and supply equation, disposable income, etc.
As a result, if you wish to make investment online in electric equipment stocks, you should do proper research to make an informed decision. Here, we will look at the top 5 electric equipment stocks in India.
Top 5 Electric Equipment Stocks in India
- Havells
Havells is a popular electrical industry brand known for its high-quality products. It was established in 1983. The company specializes in manufacturing and distributing electrical equipment, including lighting solutions, fans, switches, and other home and industrial electrical products.
Havells has become a top leader in innovation and technology, with its products meeting consumer and industrial needs.
- Havells Share Price as of Nov 2023: Rs 1,260
- Market Cap: Rs 78,388 Cr
- Bajaj Electricals
Bajaj Electricals is another popular electrical company in India. It was founded in 1938. It offers various products, like lighting solutions, household appliances, and power distribution equipment.
The company’s portfolio includes lighting solutions, luminaries, appliances, fans, engineering, and projects. Additionally, they have ventured into areas like LPG-based generators, showcasing their diverse interests and investments.
- Bajaj Electricals Share Price as of Nov 2023: Rs 1000+
- Market Cap: Rs 11,411 Cr
- Orient
Orient was founded in 1954. It follows the values of integrity and excellence. The company has gained popularity in the electrical sector of India with its commitment to quality and innovation.
It offers fans, lighting solutions, and home appliances. With a focus on customer satisfaction, Orient Electric has established itself as a trustable and forward-thinking company.
- Orient Share Price as of Nov 2023: Rs 210+
- Market Cap: Rs 4,649 Cr
- Polycab
Polycab was founded in 1968. It has a diverse product portfolio and manufactures cables, wires, and electrical accessories. It strongly focuses on quality and innovation.
Since its inception, Polycab has experienced remarkable growth and has become one of India’s leading electrical brands. The company’s commitment to technological advancement and sustainable practices has helped it grow over the years.
- Polycab Share Price as of Nov 2023: Rs 5,110+
- Market Cap: Rs 77,018 Cr
- Suzlon
Suzlon Energy was established in 1995. It is a popular name in the electric equipment sector focusing on renewable energy. This Indian company also provides wind energy solutions globally.
Suzlon has a focus on transforming global sustainable power dynamics. It operates across 17 countries.
- Suzlon Share Price as of Nov 2023: Rs 40+
- Market Cap: Rs 52,028 Cr
Conclusion
Electric equipment stocks offer a valuable diversification opportunity for your portfolio while getting good returns. To access these stocks, consider joining any of the best app for investment in share market. Leverage its advanced tools for a seamless investing experience and optimal results.
