Schneider Electric Infrastructure Shares Returned 70% in the last 3 months!

Thanks to robust gains in capital goods, power and auto sector stocks, Indian benchmark indices roared into the session and reached record highs. During the session, the Nifty 50 surpassed the 19,000 level while the BSE Sensex reached the critical 64,000 milestone. 

Investors were attracted by Schneider Electric Infrastructure’s strong uptrend as well as the gains made by the majority of heavy electrical equipment stocks. On an intraday basis on Wednesday, shares of Schneider Electric Infrastructure Ltd soared more than 6%, reaching a 52-week high of Rs 271.05 per share on the BSE. Despite erasing some of the gains, shares ended the session more than 3% higher. 

Considering the company’s quarterly financial performance, it recorded 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 soared by leaps and bounds from Rs 0.07 crore to Rs 44.84 crore.  

The company’s strong quarter performance is one of the primary growth factors driving the rally. Shares of the company have soared more than 150% over the last year while providing impressive returns of nearly 70% in just three months! 

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.  

The industry’s growth rate is expected to accelerate at a CAGR of 9% from 2021 to 2025, with the electrical equipment market share in India projected to grow by USD 33.74 billion.   

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