Business Standard

Schneider Electric hits over 6-year high, surges 12% in a weak market

With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.

Schneider Electric banks on Internet of Things and academia collaboration to lead future growth
Premium

SI Reporter Mumbai
Shares of Schneider Electric Infrastructure hit an over six-year high at Rs 187, as the stock rallied 12 per cent on the BSE in Friday’s intra-day trade backed by heavy volumes, in an otherwise weak market.

The stock of heavy electrical equipment company traded at its highest level since August 2015. In the past one month, the stock has zoomed 53 per cent, as compared to 0.87 per cent decline in the S&P BSE Sensex.

At 10:34 am, the stock traded 10 per cent higher, as against 0.96 per cent fall in the benchmark index. The average trading

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 23 2022 | 10:52 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com