India's Schneider Electric Infra gains on Goldman Sachs upgrade to 'buy'

Schneider Electric Infrastructure

17/06/2025 05:53

** India's Schneider Electric Infrastructure SEIN.NS climbs 2.7% to 769 rupees

** Goldman Sachs upgrades power equipment maker to "buy" from "sell" ad hikes PT to 910 rupees from 505 rupees

** Brokerage says its rating upgrade reflects increasing addressable market size for power distribution equipment in India, led by a jump in power demand

** Adds, SEIN's capacity expansion, in circuits and breakers, positions it well to benefit from the rise in demand

** Goldman Sachs only brokerage covering SEIN - data compiled by LSEG

** Session's gains erase stock's YTD losses

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))