This small-cap stock under Rs 200 is experiencing a terrific Thursday; do you own it?
The stock has risen by 14.62 per cent and has also registered a fresh 52-week high.
Schneider Electric Infrastructure Limited (SEIL) is engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for the electricity network.
The company has received approval for developing the production capacity of Vacuum Interrupters and Vacuum Circuit Breakers by setting up a manufacturing unit in Kolkata. The Existing Capacity of the company is 80k MV Vacuum Interrupters. The reason behind this enhancement is to meet the production capacity for domestic demand as well as increase export to Schneider Electric global entities to fast-track Make in India for Global, associated with the Atmanirbhar Bharat initiative of the Government of India.
SEIL manufactures a wide range of products that includes Transformers, Medium Voltage Primary and Secondary Switchgears, Protection Relays, electricity distribution management systems, a software suite for self-healing smart grid, e-House and smart cities applications. SEIL’s key end markets include Power Generation, Transmission & Distribution, Oil & Gas, Metro, MMM and other Electro Intensive segments, etc.
For the quarter ended June 2022, on a standalone basis, the top-line increased by 28.91 per cent YoY to Rs 371.48 crore and the bottom-line line increased by 264.94 per cent YoY to Rs 26.53 crore.
On 8 September 2022, this Small-Cap emerged as the Group A gainer as the stock rallied by 14.62 per cent. The stock registered a fresh 52-week high of Rs 164.95 and it has a 52-week low of Rs 92. At 1:30 pm, the scrip is trading at Rs 163.85.