Schneider Electric Infrastructure Rallied 10%; Reached 52-week High

The Indian headline indices reached an all-time high today, backed by significant gains in the power, financial services and telecommunications sectors. With 1,915 shares rising on the BSE and 1,531 shares declining, the advance-decline ratio strongly remained in favour of advances. Broader indices outpaced the main indices by a significant margin. 

The rapid upswing of Schneider Electric Infrastructure Ltd, one of the top small-cap gainers, has impressed investors. On an intraday basis on Wednesday, shares of Schneider Electric Infrastructure Ltd climbed more than 10%, reaching a 52-week high of Rs 266.80 per share on the BSE. 

Shares of the company have soared around 175% over the last year while providing stellar returns of nearly 40% in just one month! One of the key growth drivers powering the rally is the company’s robust quarter performance. 

Taking into account the company’s quarterly financial performance, it reported a healthy growth of 20.73% from Rs 340.02 crore registered in Q4FY22, recording total revenue of Rs 410.51 crore in Q4FY23. When comparing the net profit for the fourth quarter of FY23 to the same quarter the previous year, it surged by leaps and bounds from Rs 0.07 crore to Rs 44.84 crore. 

Incorporated in 2011, Schneider Electric Infrastructure is in the business of designing, developing, constructing, and maintaining cutting-edge systems and products for the electricity network. Schneider Electric Infrastructure manufactures a wide range of products, including transformers, power transformers, switchgear, medium voltage switchgear, protection relays, differential relays, electricity distribution management systems, and a software suite for self-healing smart grid, e-house, and smart cities applications. 

From 2021 to 2025, the industry’s growth pace is anticipated to accelerate at a CAGR of 9%, with the electrical equipment market share in India estimated to grow by USD 33.74 billion. 

Keep a close eye on this stock for the upcoming sessions!