India's Schneider Electric extends record high rally on profit jump

Schneider Electric Infrastructure

09/02/2024 08:36

** Shares of Schneider Electric Infrastructure  SEIN.NS 
rose as much as 16.4% to a fresh record high of 642.65 rupees 
    ** Co, which designs and manufactures products for
electricity distribution, says profit that more than doubled Y/Y
for Dec-quarter; revenue up ~30%
    ** Stock on a 5-day rally, rising ~30% and hitting multiple
record highs in that period      
    ** SEIN on track to post biggest weekly gains in four years
    
    

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))