Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 550 per cent!

Shares of the company gained more than 100 per cent in the last six months.

Shares of Schneider Electric Infrastructure Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 100 per cent.

The company posted robust Quarterly Results in Q4FY24. The revenue of the company stood at Rs 471.75 crore which increased by 14.92 per cent YoY. The operating profit of the company stood at Rs 76.84 crore. The company’s PAT stood at Rs 3.28 crore which declined by 92.69 per cent in Q4FY24.

Shares of Schneider Electric Infrastructure Limited have also delivered multibagger returns to their shareholders in the last three years. During this period, the company’s share price jumped from Rs 123.55 on June 12, 2021, to Rs 821.40 on June 11, 2024, an increase of about 550 per cent in the last three-year holding period.

Schneider Electric Infrastructure Limited, incorporated in 2011, is engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for the electricity network. The product portfolio of the Co. includes Transformers, Power Transformers, Switchgears (Primary & Secondary Switchgears), Medium Voltage Switchgear, Protection Relays, Differential Relay, Electricity distribution management systems, a software suite for self-healing smart grid, e-House & smart cities applications.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.