The shares of Schneider Electric Infrastructure are up 13% on September 8

The shares of Schneider Electric Infrastructure are up 13% on September 8

by 5paisa Research Team Last Updated: Dec 15, 2022 - 01:12 am 17.1k Views
Listen icon

It manufactures, designs, builds, and services technologically advanced products and systems used in the electricity grid.

On September 8, the Indian market is trading strong in green. At 11:08 am, the S&P BSE Sensex is trading up 0.82%, at 59515, while NIFTY50 is trading at 17754, up 0.74% on the day. Regarding sectoral performance, Telecom and IT are the top gainers. However, the stock-specific action we are going to talk about today is in the Industrials space.

Nowadays, many fund managers in their interviews are talking about investment attractiveness in the industrials sector. The industrial stock we have identified which is gaining traction today is Schneider Electric Infrastructure Ltd.

On September 8, Schneider Electric Infrastructure stock is among the top gainers in BSE group ‘A’. At 11:08 am, the stock is trading at Rs 161.6, 13.05% up on the day. The scrip opened at Rs 144.25 and so far, has made an intraday high and low of Rs 164.95 and Rs 144.25, respectively.

Schneider Electric Infrastructure is involved in the business, which is one of the key drivers toward a sustainable, more resilient carbon-neutral future. It manufactures, designs, builds, and services technologically advanced products and systems used in the electricity grid. Torrent Power, Mazagon dock, and Tata Projects are among its clientele. The company is also involved in the business of providing EV charging infrastructure in India.

Talking about company financials, the sales growth has remained poor, where 10-year CAGR growth stood barely at 1%. In FY22, the company reported sales at Rs 1530 crore and a net profit of Rs 28 crore. Before FY22, for nine years, the company generated no profits.

However, the latest June quarter remains good for the company where it recorded a sale of Rs 371 crore, 28.9% YoY growth from Rs 288 crore sales in Q1FY22. The net profit for Q1FY23 stood at Rs 27 crore.

The company has a market capitalisation of Rs 3900 crore and belongs to S&P BSE small-cap Index. The stock is trading at a TTM PE multiple of 48.67x.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.