The shares of Schneider Electric Infrastructure Limited opened at Rs 145.75 on NSE and spiked by approximately 14 percent to reach its new 52-week high of Rs 165 in the early trading hours on Thursday. 

Schneider Electric Infrastructure Limited is engaged in the business of manufacturing, designing, building, and servicing technologically advanced products which include Power Transformers, Switchgears, and Electricity distribution management systems. 

The shares rallied after the Board of the company at their meeting held on September 6, 2022, considered and approved, enhancing the production capacity of Vacuum Interrupters & Vacuum Circuit Breakers by setting up a manufacturing unit in Kolkata. 

As per the regulatory filing, the existing capacity of 80k MV Vacuum Interrupters is at 90% capacity utilisation. The capacity will be increased by 180k MV Vacuum Interrupters and MV Vacuum Circuit Breakers assembly lines at an outlay of Rs138 crore over a period of 3 years. 

The stock reached its all-time high of Rs 241 in June 2015. Currently, it is trading at a discount of 46 per cent from the high. 

In a month, the share prices have scaled by 39 per cent. On a YTD basis, the share price has risen from Rs 109 in January to the current levels representing a return of almost 50 per cent. 

In Q1FY23, the company earned a total revenue of Rs 371 crores which is an increase from Rs 288 crores which it earned in the same period a year earlier. In the quarter under review, their net profit stood at Rs 26 crores as compared to a loss of Rs 16 crores in Q1FY22. 

The company has a market capitalization of Rs 3,977 and the promoters hold a 75 per cent stake with zero shares pledged. 

Written by Anoushka Roy


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